CNN August 5, 2018
Health care isn’t so healthy: The fates of two giant health care mergers are suddenly in question.
Drug store chain CVS wants to buy insurer Aetna (AET), but the California Insurance Commissioner wants the Justice Department to block the $69 billion deal, citing concerns that prices will go up and competition will decrease.
Another insurer, Cigna, hopes to buy pharmacy benefits manger Express Scripts (ESRX) for $67 billion. However, there were reports last week that activist investor Carl Icahn has taken a stake in Cigna, with the hopes of convincing shareholders to vote against the Express Scripts merger on August 24.
Icahn reportedly thinks Cigna is overpaying. Cigna and Icahn did not respond to...
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