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Thursday, July 12, 2018

Aetna, CVS jump after report says DOJ won’t oppose merger


Shares of Aetna (AET) are rallying after Reorg Research, according to Bloomberg, reported that the Department of Justice is not, “at this point,” looking to challenge in court CVS Health’s (CVS) planned takeover of the company. Reorg cited an official with Washington State Office of the Insurance Commissioner for story. Shares of Aetna are up $4.25 to $191.81 in midday trading while CVS is up $2.15 to $69.45. Express Scripts (ESRX), which reached an agreement to be acquired by Cigna (CI), is up $1.43 to $82.00.

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