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U.S. appeals court blocks Anthem bid to merge with rival Cigna

WASHINGTON, April 28 A U.S. appeals court dealt health insurer Anthem Inc's bid to merge with rival Cigna a likely death blow on Friday when it upheld a lower court's decision stopping the deal.

The ruling could spell the end of the proposed $54 billion transaction, a merger that was rejected by the U.S. Justice Department, 11 states, a district court judge and, in the end, by Cigna itself. (Reporting by Diane Bartz)

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