U.S. antitrust regulators will announce on Thursday plans to file suits to block two separate health insurance mergers, Anthem Inc’s (ANTM.N) purchase of Cigna Corp (CI.N) and Aetna Inc’s (AET.N) acquisition of Humana Inc (HUM.N), according to a source acquainted with the matter. The United States Department of Justice has been examining the offers for the past year and has actually been worried that the mixes would minimize competitors. There are presently 5 national health insurance companies, and the deals would decrease that number to 3. The Justice Department stated in a news release that it would hold an 11 a.m. news conference to announce considerable antitrust news.
MORE REUTERS BUSINESS * Yahoo diaspora mourns business’s decrease * Smash hit scores might offer Fox News space to recuperate after Ailes exit * Goldman Sachs under spotlight in Malaysian fund scandal * Pokemon GO gets a safety warning Antitrust regulators had been expected to file lawsuits focused on obstructing both offers by the end of next week, Reuters reported previously today.
Shares of Humana fell 1.8 percent to $155.50 and Cigna increased 0.1 percent to $133.25. Aetna and Anthem shares were both up a little in early morning trading.
( Reporting by Caroline Humer and Diane Bartz in Washington DC; Editing by Chizu Nomiyama and Nick Zieminski).