Shareholders overwhelmingly approve CVS-Aetna merger

Shareholders overwhelmingly approve CVS-Aetna merger

Shareholders on Tuesday overwhelmingly approved CVS’s proposed $69 billion deal to acquire health insurer Aetna.

The agreement was approved by about 97 percent of Aetna shareholders and 98 percent of CVS shareholders.

The merger is expected to close in the second half of this year, pending regulatory approval by the Department of Justice. It’s not clear if federal regulators will approve the deal, but there have been favorable signs.

If approved, the merger of the nation’s largest pharmacy and third-largest health insurer could have major implications for the industry.

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