Insurer Aetna to buy Coventry Health for $5. 7 billion: WSJ
(Reuters) – Insurer Aetna Inc has signed a deal to buy rival Coventry Health Care Inc for $5. 7 billion in cash and stock, the Wall Street Journal reported, the latest in a string of multi-billion-dollar acquisitions in the U. S. healthcare sector. Aetna is paying $42. 08 a share for Coventry, a 20. 4 percent premium to Friday’s closing price, the newspaper said, citing people familiar with the matter. If the deal goes through, it will be the latest example of companies focusing on increasing their government business to benefit from a favorable U. S. healthcare reform. Earlier this year, the U. S. . . .
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