Anthem-Cigna merger could move forward Thursday

(AP File Photo/Michael Conroy)

INDIANAPOLIS (WISH) — Anthem could take a big step forward Thursday in a planned merger.

Jane King was live on Daybreak Thursday morning with this and other local and national business headlines.

Jane explained that shareholders of both Indianapolis-based Anthem and Cigna will vote Thursday on whether to proceed with their merged deal, valued at nearly $50 billion.

Anthem’s purchase of Cigna is one of two mergers being proposed that would combine the five largest insurers into three companies. The other deal is one announced between Aetna and Humana.

But, even if Anthem and Cigna shareholders give the go-ahead, the merger must survive intense scrutiny among federal and state regulators.

Jane also talked about a change at AT&T, a big name joining Radio Shack and rumors that Oprah is buying Avon.

Click play in the video box for her full segment.

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