(Bloomberg) — The Justice Department has told Anthem Inc. that the health insurer's planned takeover of Cigna Corp. threatens competition and probably can't be fixed by selling parts of their businesses, according to a person familiar with the matter.
The companies met Friday with Bill Baer, the department's No. 3 official, in a bid to get their $48 billion deal approved and hear about the government's concerns, said the person, who spoke on the condition of anonymity because the merger review is confidential. The meeting had been expected.
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