CVS Health in talks to buy health insurer Aetna: WSJ
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A customer waits at the counter of a CVS Pharmacy store in Pasadena, U.S., May 2, 2016. REUTERS/Mario Anzuoni/File Photo
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Price: $90.27 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
Revenue Growth %: +1.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
Revenue Growth %: +1.3%
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(Reuters) - Drug retailer CVS Health Corp (NYSE: CVS) is in talks to buy health insurer Aetna Inc (NYSE: AET), the Wall Street Journal reported on Thursday, citing sources.
Aetna's shares closed up 11.5 percent at $178.60, after hitting $184.98.
CVS Health's stock closed down 2.9 percent at $73.31.
Aetna had a market cap of $53.2 billion as of Wednesday's close, according to Thomson Reuters data.
(Reporting by Divya Grover in Bengaluru; Editing by Sriraj Kalluvila)
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