U.S. judge concerned over government nod for CVS-Aetna deal [Reuters (UK)]
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Source: Reuters
U.S. judge concerned over government nod for CVS-Aetna deal | Reuters 2 Min Read WASHINGTON (Reuters) - A federal judge who has been asked to sign off on the U.S. government’s decision to approve CVS Health Corp’s ( CVS.N ) acquisition of insurer Aetna Inc said Tuesday he was “less convinced” than the government that the companies had struck a deal that ensured the merger was legal under antitrust law. Judge Richard Leon of the U.S. District Court for the District of Columbia had complained last week in a hearing that the two sides had treated him as a “rubber stamp” for the agreement. CVS closed the $69 billion transaction last week and began the integration process. “At this stage, I am less convinced of the sufficiency of the government’s negotiated remedy than the government is,” he wrote in the order issued on Tuesday. The Justice Department approved the merger of CVS, a pharmacy chain and benefits manager, and Aetna on condition that the health insurer sell its Medicare Part D
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