CVS Health Corp. is moving closer to a deal to buy Aetna Inc. for more than $66 billion in cash and stock. The deal, which could be announced by Monday, would create a health-care-industry behemoth selling everything from drugs to insurance.
The companies are in advanced stages of negotiating a deal, according to people familiar with the matter. It would likely be valued at between $200 and $205 per Aetna share and be comprised mainly of cash, some of the people said.
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It is still possible the timing could slip or that the companies will fail to reach a deal.
Aetna shares closed Wednesday at $179.57. The stock was trading at about $160 when The Wall Street Journal reported on the possibility of a deal with CVS on Oct. 26, meaning that a price of over $200 a share would represent a premium of more than 25%.
Sharon Terlep contributed to this article
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(END) Dow Jones Newswires
November 30, 2017 10:55 ET (15:55 GMT)