U.S. judge raises prospect of not approving CVS-Aetna deal [Reuters]
WELLCARE HEALTH PLANS (WCG)
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Source: Reuters
U.S. judge raises prospect of not approving CVS-Aetna deal | Reuters 2 Min Read WASHINGTON (Reuters) - In an unusual move on Thursday, a federal judge raised the prospect of not approving CVS Health Corp’s ( CVS.N ) deal to buy insurer Aetna Inc ( AETN.F ), which closed earlier this week, during a routine portion of the legal process. Judge Richard Leon of the U.S. District Court for the District of Columbia objected to what he said was the government’s and companies’ treatment of him as a “rubber stamp” for the deal, noting that CVS had closed its deal to buy Aetna for $69 billion on Wednesday. Aetna said in a statement, “It’s commonplace for acquisitions to close before this final step in the process is complete, and our focus remains on delivering on the combined company’s potential.” CVS did not return a request for comment. The Justice Department did not immediately return a request for comment. The Justice Department gave its OK in October for the merger of CVS, a pharmacy a
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