Anthem Proposes To Buy Cigna For $54 Billion

NEW YORK (AP) -- After getting the cold shoulder, U.S. health insurer Anthem Inc. said it's raising its offer to buy smaller rival Cigna Corp. for $54 billion, including debt. Indianapolis-based Anthem said Saturday it's proposing $184 per share, about 31 percent of that would be in Anthem shares and the remainder in cash. The offer represents a premium to Cigna's stockholders of 18 percent over Cigna's closing stock price on Friday. It said the bid also represents a premium of more than 35.4 pe...