Bloomberg Law
Aug. 24, 2018, 11:02 AM UTC

Disney-Fox, Cigna-Express Scripts Mergers Spur Most Lawsuits

Jacob Rund
Jacob Rund
Reporter

Twenty-First Century Fox Inc.'s pending sale to The Walt Disney Co. and Cigna Corp.'s proposed takeover of Express Scripts Holding Co. attracted the most lawsuits of big-money deals announced in the past year.

Each transaction spurred six complaints across federal and Delaware state court — where a majority of merger litigation winds up, according to a Bloomberg Law analysis.

In total, 12 deals with U.S. targets and sticker prices of at least $5 billion prompted four or more lawsuits between Aug. 16, 2017, and the same date this year. CVS Health Corp.'s $68.6 billion pending merger with Aetna Inc. ...

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