CVS to Acquire Aetna

CVS Health plans to buy Aetna for $69 billion, according to The New York Times. The $207/share purchase will include $145/share in cash and the remainder in newly issued CVS stock. The deal is expected to close in Q2-2018, pending approval by shareholders of both companies and regulators. If successful, the vertical merger could enable CVS to expand the services offered at its 10,000 pharmacy and clinic locations.

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