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CVS Health agrees to buy Aetna for $69bn

On Sunday, US-based drugstore chain operator, CVS Health, announced it had agreed to acquire Aetna for $69bn. As a result, Aetna, a US-based health insurer, will see its shareholders receive $207 per share. Of this $207 per share, $145 per share will be in cash, while the rest of the offer will be in the form of 0.8378 CVS shares for each Aetna share. This sees Aetna owning  around 22% of the combined company, while CVS shareholders will have the rest. If the deal is concluded, it will see one of the US’ largest pharmacy operators combine with one of the country’s oldest health insurers. The merger seeks to tackle the soaring costs of healthcare through lower-cost medial services in pharmacies.

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