CVS says DOJ request won't affect timeline for Aetna deal: 4 things to know

CVS Health said its proposed merger with Aetna is still expected to close in the second half of 2018, despite the Department of Justice's request for additional information, according to Reuters.

Here are four things to know.

1. CVS Health revealed plans to acquire Aetna in December 2017. The deal is valued at $77 billion. This includes approximately $69 billion in cash and stock, as well as the assumption of Aetna's debt.

2. In January, an Aetna investor sued over the proposed merger, alleging the company filed "materially incomplete and misleading" information with the Securities and Exchange Commission to get its shareholders to vote in favor of the transaction.

3. The DOJ, which is reviewing the proposed merger, requested additional information from both parties Feb. 1.

4. CVS and Aetna shareholders are scheduled to vote on the deal March 20.

 

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