Anthem today accused Cigna of undermining the companies' merger agreement and implied that legal action is imminent.

Anthem said in a statement that it has given Cigna a merger agreement termination notice.

"Cigna has failed to perform and comply in all material respects with its contractual obligations," Anthem said. "Cigna's repeated willful breaches of the merger agreement and its successful sabotage of the transaction has caused Anthem to suffer massive damages, claims which Anthem intends to vigorously pursue against Cigna."

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Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.