Deal Watch: Am Law 100 Firms Circle Pair of $48 Billion Deals
Anthem's $48 billion takeover bid for Cigna and AT&T's successful $48 billion acquisition of DirecTV provided work for dozens of lawyers at Am Law 100 firms.
July 23, 2015 at 02:09 PM
8 minute read
This week, a pair of $48 billion deals, along with their legal teams, reign supreme.
Reports surfaced Wednesday that a health insurance megamerger is imminent between Indianapolis-based Anthem and Bloomfield, Connecticut-based Cigna, with the former seeking to acquire the latter in a $48 billion cash-and-stock deal.
The insurance industry has been particularly busy consolidating of late, with The Am Law Daily noting earlier this month the half-dozen firms handling Aetna's $37 billion acquisition of Humana, a deal that took place immediately following the U.S. Supreme Court's latest rejection of a challenge to the Affordable Care Act.
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