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No Aetna Humana merger

Aetna Inc. and Humana Inc. won’t appeal a judge’s decision to block their merger on antitrust grounds, avoiding what had been widely seen as an uphill battle to preserve the $34 billion deal.

The health insurers on Tuesday said they will terminate their merger agreement. Immediately after the antitrust decision last month, Aetna had said it would consider appealing, but more recently both companies said they were weighing their options. The end of their deal, which would have forged a diversified insurance powerhouse, leaves both insurers with challenges as they forge separate paths forward.

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