If you have Aetna stock, you just got caught a lick and got richer. If not, you might be thinking conspiracy theory since CVS is reportedly in talks to buy the health insurer.
Reports Yahoo! Finance:
U.S. pharmacy operator CVS Health Corp (CVS.N) has made an offer to acquire No. 3 U.S. health insurer Aetna Inc (AET.N) for more than $200 per share, or over $66 billion, a person familiar with the matter said on Thursday.
A deal would merge one of the nation’s largest pharmacy benefits managers and pharmacy operators with Aetna, one of its oldest health insurers, whose far-reaching business ranges from employer healthcare to government plans nationwide.
Aetna shares rose more than 11 percent, or $18.48, to $178.60, while CVS shares fell 3 percent, or $2.22, to $73.31.
Healthcare consolidation has been a popular route for insurers and pharmacies, under pressure from the government and large corporations to lower soaring costs. But both have been turned down by antitrust regulators in the past year.
Spokesmen for Aetna and CVS declined to comment.
In layman’s term, CVS is trying to become an even bigger conglomerate. That doesn’t just happen, so the Illuminati conspiracies are surely on fire.
Expect the moron in chief to try to take credit for this one…