They’re this close, the Wall Street Journal reports. And if CVS Health is able to buy Aetna for a reported $66 billion in cash and stock, it will roil the health care industry, creating a colossus that will sell everything from drugs to insurance.
It would be the biggest merger of the year and the biggest since AT&T agreed to purchase Time Warner for $85 billion in October 2016.
“The companies are in advanced stages of negotiating a deal, according to people familiar with the matter,” the newspaper reports. “It would likely be valued at between $200 and $205 per Aetna share and be comprised mainly of cash, some of the people said. The cash-stock mix has yet to be finalized and Aetna has been pushing for more cash, they added.”
Source: Wall Street Journal