Anthem Gets Its Deal: A Merger with Cigna Is Now Pending (Continued from Prior Part) Could this deal get competitive? For merger arbitrage professionals, competitive deals can make your quarter. If you get two companies bidding against each other, a 1% gross spread can easily become 10% by the time everything is said and done. We saw this happen in the Salix Pharmaceuticals deal. Could the Cigna–Anthem deal get broken up by an interloper? UnitedHealth Group is the odd man out The entire health insurance industry has been subject to merger rumors for months. In fact, merger talk has buoyed the whole sector—this is what makes the downside analysis difficult for this deal, as... More