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Health insurer Cigna Corp rebuffed Anthem Inc's $47 billion merger proposal on Sunday, saying it was "deeply disappointed" with Anthem's recent actions and the offer was not in the best interest of shareholders. Cigna Chairman Isaiah Harris, Jr. and Chief Executive David Cordani wrote a letter to Anthem's board outlining reasons why the company was rejecting Anthem's stock and cash offer. The list included Anthem's "lack of growth strategies," complications related to its membership of Blue Cross Blue Shield Association and its "massive" data breach in February.



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