Justice Department reportedly close to approving CVS-Aetna, Cigna-Express Scripts deals

Justice Department reportedly close to approving CVS-Aetna, Cigna-Express Scripts deals

The Department of Justice is close to approving CVS Health’s acquisition of Aetna and Cigna’s acquisition of Express Scripts, The Wall Street Journal reported Wednesday, citing people familiar with the matter. Regulators will require CVS and Aetna to sell off assets related to its Medicare drug coverage in order to appease competitive concerns surrounding the nearly $70 billion deal, people familiar with the deliberations told The Wall Street Journal. The Department of Justice is close…

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DOJ clears Cigna’s acquisition of Express Scripts

DOJ clears Cigna’s acquisition of Express Scripts

The U.S. Department of Justice has cleared Cigna’s acquisition of Express Scripts, the companies announced in a statement Monday. Shareholders voted to approve the merger last month, despite opposition from activist investor Carl Icahn. The companies expect to close the deal by the end of 2018. The U.S. Department of Justice has cleared Cigna’s $52 billion acquisition of Express Scripts, the companies announced in a statement Monday. In combining Cigna, a health insurer, and Express…

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