Posted on Friday, March 16, 2018 1:17 PM
On Tuesday, March 13th, CVS shareholders overwhelmingly approved its proposed $69 billion deal to acquire health insurer Aetna.
The merger is expected to close in the second half of the year, pending approval by the Department of Justice.
““When this merger is complete, the combined company will be well-positioned to reshape the consumer health care experience, putting people at the center of health care delivery to ensure they have access to high-quality, more affordable care where they are, when they need it,” CVS Health President and CEO Larry Merlo said in a statement.
It’s not clear if federal regulators will approve the deal, but there have been favorable signs.”
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