CVS to Buy Aetna for $69 Billion
December 03 2017 - 1:58PM
Dow Jones News
By Dana Cimilluca and Dana Mattioli
CVS Health Corp. has agreed to buy Aetna Inc. for about $69
billion in cash and stock, a landmark deal that would change the
health care landscape in the country by bringing a large insurer
and a big provider of pharmacy services under one roof.
In an agreement that has been months in the making and is likely
to be announced later Sunday, Aetna stockholders are to receive
$207 per share, $145 in cash and $62 in stock, according to people
familiar with the matter.
As part of the deal, CVS plans to use its nearly 10,000 pharmacy
locations to provide consumers with more local care options.
Write to Dana Cimilluca at dana.cimilluca@wsj.com and Dana
Mattioli at dana.mattioli@wsj.com
(END) Dow Jones Newswires
December 03, 2017 13:43 ET (18:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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