CVS, Aetna shareholders approve $69B acquisition

Business 3/13/2018, 4:51 PM
CVS, Aetna shareholders approve $69B acquisition

Shareholders of CVS Health Corporation and Aetna Inc. approved the proposed merger in which CVS is set to acquire the health insurer.

In December, CVS announced it agreed to buy Aetna for $69 billion. CVS said it will pay $207 per share, out of which $145 per share would be in cash and the rest would come from newly issued CVS stock.

The deal is now awaiting approval from the United States Department of Justice.

Breaking the News / NP


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