Insurer and health-care giant, Aetna Inc. (AET), has agreed to buy managed health care provider Coventry Health Care, Inc. (NYSE:CVH), in a $5.7 billion cash and stock deal.
Adding debt assumed, the deal value becomes $7.3 billion. Aetna would pay $42.08 a share for Coventry, in a ratio of 65 percent cash and 35 percent stock.
This represents a 20 percent premium on Coventry’s shares, compared to their close last Friday. Shares of Aetna are quoting at...
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