CVS expects Aetna deal to close after Thanksgiving

By Kitco News / November 20, 2018 / www.kitco.com / Article Link

(Reuters) - CVS Health Corp (CVS.N) said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc (AET.N) after the Thanksgiving holiday.

The pharmacy chain and benefits manager had previously expected the transaction to close by Nov. 22.

CVS said in a filing bit.ly/2Kk8PSf it had received approval from 26 of the 28 state departments of insurance and was in the final stages of the approval process with the two remaining states.

Reporting by Manas Mishra in Bengaluru; Editing by Shounak Dasgupta

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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