Anthem, Cigna shareholders approve merger

Anthem and Cigna's shareholders voted Thursday to approve the companies' merger, which is still awaiting regulatory approval. For both companies, 99 percent of shareholder votes cast were in favor of the deal, one of two major insurer mergers. Aetna and Humana's shareholders voted to approve their merger in October.

"We are pleased that Anthem shareholders have overwhelmingly voiced their support for our pending acquisition of Cigna, allowing us to move one step closer to making this compelling combination a reality," Anthem CEO Joseph Swedish said in a statement.

The merger is expected to be completed in the second half of 2016, according to a statement from Cigna. Anthem announcement and Cigna announcement