CVS, Aetna executives defend $69 billion deal with eye on savings | Reuters

Reuters| Mon Dec 04 04:28:54 EST 2017
NEW YORK (Reuters) - CVS Health Corp (CVS.N) and Aetna Inc (AET.N) top executives on Monday defended their planned merger to Wall Street analysts who questioned the $69 billion deal, promising both near- and long-term savings for the combined company. CVS and Aetna announced on Sunday that they had reached a deal, two months after talks between the companies were first reported. With the agreement and the price already widely reported, share moves in both companies were muted in early Monday trading. Aetna rose 1.8 percent, or $3.22, to $184.40 while CVS fell 4 percent, or $3.03, to $72.08. During a conference call with analysts, Aetna’s top executive Mark Bertolini said that the companies n..

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CVS will buy insurance giant Aetna in a roughly $69 billion deal that will help the drugstore chain reach deeper into customer health care and protect a key client, a person with k....
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