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OFFON

CVS HEALTH CORPORATION

(CVS)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 09/17 10:34:57 am
85.67 USD   +0.37%
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CVS now expects Aetna deal to close after Thanksgiving

11/20/2018 | 04:04pm EDT
Logos of CVS and Aetna are displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

(Reuters) - CVS Health Corp said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc after Thursday's Thanksgiving holiday as two states continue to review the transaction.

The pharmacy chain and benefits manager had previously expected the transaction to close by the Nov. 22 holiday.

CVS said in a regulatory filing https://bit.ly/2Kk8PSf that it had received required approvals from 26 of the 28 state departments of insurance and was in the final stages of the approval process with the two remaining states. Earlier this month, CVS told Wall Street that it had five pending approvals, including in New York and California.

California's insurance regulator last week approved the purchase with a settlement under which the companies agreed to $240 million in payments related to the state's health care delivery system.

A spokesman for the New York State Department of Financial Services said on Tuesday that its review of the transaction is in process, with one additional state also still to sign off.

(Reporting by Manas Mishra in Bengaluru and Caroline Humer in New York; editing by Shounak Dasgupta and Bill Berkrot)


© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
CVS HEALTH CORPORATION -0.26% 85.31 Delayed Quote.24.96%
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Analyst Recommendations on CVS HEALTH CORPORATION
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Financials (USD)
Sales 2021 284 B - -
Net income 2021 8 454 M - -
Net Debt 2021 48 933 M - -
P/E ratio 2021 13,4x
Yield 2021 2,34%
Capitalization 113 B 113 B -
EV / Sales 2021 0,57x
EV / Sales 2022 0,53x
Nbr of Employees 256 500
Free-Float 75,5%
Chart CVS HEALTH CORPORATION
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CVS Health Corporation Technical Analysis Chart | CVS | US1266501006 | MarketScreener
Technical analysis trends CVS HEALTH CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 27
Last Close Price 85,35 $
Average target price 96,89 $
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Karen S. Lynch President, Chief Executive Officer & Director
Shawn M. Guertin Chief Financial Officer & Executive Vice President
David Wyatt Dorman Chairman
Troyen A. Brennan Chief Medical Officer & Executive Vice President
Jonathan C. Roberts Chief Operating Officer & Executive Vice President