Deals
Aetna and CVS Were Talking to Others During Takeover Process
- Companies announced their $68 billion health deal in December
- Justice Department will review antitrust aspects of merger
CVS Health to Purchase Aetna in $67.5 Billion Deal
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CVS Health Corp. and Aetna Inc. were both talking to other potential partners during early discussions that led to their $68 billion merger, according to a regulatory filing Thursday.
As late as August, Aetna was in discussions with a “Party X” about a “strategic partnership, business combination or other opportunities.” The mystery company, which isn’t named in the document, told Aetna in October that it wasn’t planning to make a takeover offer.