CVS' reported $66 billion bid for Aetna makes sense because of 'threats from all sides'

CVS' reported $66 billion bid for Aetna makes sense because of 'threats from all sides'

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/27/cvs-bid-to-buy-aetna-for-66-billion-makes-sense-analyst-says.html

CVS Health's attempt to buy health insurer Aetna for $66 billion makes sense because the drugstore operator has been facing threats from all sides, including from Amazon, an analyst told CNBC on Friday.

The Wall Street Journal reported on Thursday, citing sources, that CVS Health has proposed to pay more than $200 per share, or $66 billion, for Aetna amid emerging competition. The companies declined to comment about the report.