CVS Health Corp. has quickened financial analysts’ pulses with a historic deal to acquire Aetna — a purchase that will unite a major health insurer with one of the country’s largest pharmacy providers. The deal, for roughly $69 billion in cash and stock, is the product of months of negotiations. In the deal, which was announced Sunday, Aetna stockholders will receive $207 per share—$145 in cash and 0.8378 of a CVS share in stock, sources told The Wall Street Journal. The deal also comes after Aetna’s attempted $37 billion acquisition of another health insurance company, Humana Inc, was blocked in January by a U.S. federal judge who cited antitrust worries.
Meet your guide
More Like This
Thanks for reading InsideHook. Sign up for one of our newsletter and be in the know.
