The DOJ has decided that the deal won't significantly reduce competition in the market for the services provided by pharmacy-benefits managers or raise costs for Cigna's rivals. (Photo: AP)
Antitrust enforcers signed off on Cigna Corp.'s $54 billion takeover of pharmacy-benefit manager Express Scripts Holding Co., clearing one of two health-care deals that stand to reshape the industry.
Approval by the Justice Department smooths the way for the deal to wrap up by the end of the year, the companies said Monday in a joint statement. While some state regulators have yet to sign off, the U.S. review was one of the last major steps for the agreement the companies struck in March.
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