We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
CVS Health Corporation | NYSE:CVS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.36 | 0.64% | 56.67 | 5,312 | 09:25:27 |
By Aisha Al-Muslim
CVS Health Corp. (CVS) stockholders have voted to approve the pharmacy company's acquisition of U.S. health insurer Aetna Inc. (AET).
More than 98% of the shares voted were in favor of the proposal, according to the preliminary results from a special meeting Tuesday, CVS said.
The merger is expected to close in the second half of 2018, subject to required regulatory approvals.
In December, CVS Health announced it agreed to buy Aetna for about $69 billion in cash and stock in a move to transform the pharmacy company and capture more of what consumers spend on health care.
Aetna stockholders are to receive $207 per share--$145 in cash and 0.8378 of a CVS share, or $62, in stock, the companies said in December.
"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 Chief Executive Larry Merlo said in prepared remarks.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
March 13, 2018 12:08 ET (16:08 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year CVS Health Chart |
1 Month CVS Health Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions