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CVS Health

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Business & Lifestyle

CVS Health: Deal to buy Aetna will close after Thanksgiving

WOONSOCKET, R.I. (UPI) -- CVS Health's $69 billion acquisition of Aetna will take longer than expected as the retail pharmacy needs approval from two more state departments of insurance. Earlier this month, CVS CEO Larry Merlo said the deal was on track to close before Thanksgiving. In a SEC filing Tuesday, the company said that now won't happen until after the holiday. "CVS Health has made significant progress and is in the final states of the approval process with the […]

todayNovember 21, 2018 70

Business & Lifestyle

CVS Health, Aetna agree to $69 billion merger

WOONSOCKET, R.I. (UPI) -- CVS Health has announced it will buy insurer Aetna for about $69 billion, a deal which potentially could reshape America's healthcare industry. Both companies announced the acquisition Sunday, which had been the subject of negotiations for months. CVS will pay $207 per share for Aetna and its debt, and Aetna shareholders will receive $145 per share and about 0.84 of a CVS share for each Aetna share, the statement said. The combination of the two businesses would combine CVS, with […]

todayDecember 4, 2017 24

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