7/12/2018, 7:11 PM (Source: TeleTrader)
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DoJ set to approve CVS-Aetna merger - report

The United States Department of Justice is set to approve CVS Health Corporation's $69 billion acquisition of Aetna Inc., Reorg said on Thursday citing sources close to the matter.

Aetna shares jumped 2.34% at 6:57 pm CET, while CVS surged 3.30% on the news.

The two companies struck the deal in December 2016 and their shareholders approved the proposed merger in March. The transaction is set to close in the second half of 2018.

Breaking the News / NP