Background: terms of the deal
As you know, CVS Health announced plans for a friendly takeover of Aetna (AET), a large health insurer with about 22 million lives covered. The announcement date was Dec. 3, 2017. In March, shareholders of both companies approved the deal, which is now waiting regulatory approval.
Terms are as follows:
Aetna shareholders will receive $145.00 per share in cash and 0.8378 CVS Health shares for each Aetna share. The transaction values Aetna at approximately $207 per share or approximately $69 billion1. Including the assumption of