Merger of Anthem and Cigna Could Be Negative for Both

While some stock analysts like the recent spate of consolidation among health insurers –including Anthem’s (ANTM) current effort to buy Cigna (CI) — Standard & Poor’s does not. Cigna has rejected Anthem’s current $54 billion offer, but a deal could still take place at a higher price. Although there are strategic benefits to combining the two companies, [...]