Bloomberg Law
Sept. 5, 2019, 11:53 AM UTC

Wake Up Call: CVS Clinches Court Approval for $68 Billion Aetna Deal

Rick Mitchell
Rick Mitchell
Freelance Correspondent
  • CVS Health Corp. won a skeptical federal judge’s approval for its $68 billion takeover of Aetna Inc., removing the last obstacle to a deal that adds a huge health-insurance business to its nationwide network of pharmacies and prescription-drug benefit programs. Judge Richard Leon, the same judge who cleared AT&T’s $85 billion merger with Time Warner in 2018, signed off on a settlement agreement reached last year with U.S. antitrust enforcers. Opponents of the merger argued the combination would harm competition. (BN via BLAW) The two companies were represented by attorneys from Williams & Connolly, Dechert, and Davis Polk ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.