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US: CVS and Aetna are nearing a US$66 billion deal

By  |  November 30, 2017

CVS Health could announce an acquisition of insurer Aetna for more than US$66 billion as early as Monday, December 4, The Wall Street Journal reported Thursday.

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    The talks are advanced and would likely see Aetna valued at between US$200 and US$205 a share offered mainly in cash cash, the Journal reported.

    The talks, like all deal discussions, could be delayed or ultimately fail, the Journal cautioned.

    Aetna had a market capitalization of US$59.27 billion after the report came out Thursday morning. Shares rose about 1%. CVS had a market capitalization of US$77.2 billion as of Thursday morning, and its shares rose more than 2% on the report.

    Full Content: Wall Street Journal

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