CVS, Aetna Draw Closer to Closing $69B Combination - NBC10 Boston

CVS, Aetna Draw Closer to Closing $69B Combination

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    CVS, Aetna Draw Closer to Closing $69B Combination
    Bill Sikes/AP
    FILE - In this June 1, 2017, photo, a sign stands on the campus of the Aetna headquarters in Hartford, Connecticut.

    Shares of CVS Health and Aetna are rising with the companies now saying they expect to close their $69 billion tie-up later this week.

    The companies say in regulatory filings that they have the final regulatory approval needed and expect to close on or around Wednesday.

    CVS Health Corp. had told investors earlier this month that it expected to close the deal for the nation's third-largest health insurer before Thanksgiving. But its shares slipped last week after the drugstore chain and pharmacy benefit manager said it still lacked approval from two states.

    The companies plan to dive deeper into providing care with help from CVS's nearly 10,000 locations.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    Shares of CVS Health advanced nearly 4 percent, while Aetna Inc. climbed more than 2 percent in morning trading.


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