May 12 (UPI) -- Insurance company Anthem Inc.'s request to prevent Cigna Health and Life Insurance Co. from abandoning a merger was rejected by a federal judge.
The ruling effectively ends the proposed $48 billion merger. The Justice Department filed an antitrust suit in 2016, arguing it would decrease competition. A federal judge blocked it in February, as did an appeals court in April. On Thursday in Delaware, Judge J. Travis Laster rejected Anthem's request to issue an injunction preventing Cigna from terminating the merger.