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CVS’s Aetna Takeover Comes With a $2.1 Billion Termination Fee

CVS Health Corp. signage is displayed outside a store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017.
Photographer: Christopher Lee/Bloomberg

CVS Health Corp. could owe Aetna Inc. $2.1 billion if the drugstore chain’s acquisition of the health insurer fails, according to a merger agreement filed Tuesday.

CVS would owe Aetna the funds if the deal announced Sunday fails for a variety of reasons, including if it can’t gain approval from antitrust authorities.