Larry Merlo, CEO of CVS and Mark Bertolini, CEO of AETNA appear on Squawk Box on Dec. 4th, 2017.


Cameron Costa | CNBC


Larry Merlo, CEO of CVS and Mark Bertolini, CEO of AETNA seem on Squawk Field on Dec. 4th, 2017.




CVS Well being now anticipates its roughly $69 billion acquisition of well being insurer Aetna to shut after Thanksgiving, the corporate stated Tuesday in a regulatory submitting. Executives earlier this month stated they anticipated the deal to shut earlier than the vacation.



The corporate stated it has obtained approval from 26 of the 28 state departments of insurance coverage it wants with a view to shut the deal, CVS stated Tuesday in a type filed with the U.S. Securites and Change Fee. CVS within the submitting stated it has made “vital progress” within the approval course of and is in “the ultimate phases” with the remaining two states.


On a Nov. 6 name with Wall Road analysts to debate third-quarter earnings outcomes, CVS CEO Larry Merlo stated state approvals of the deal had been on monitor to permit the businesses to shut earlier than Thanksgiving.


The 2 corporations first introduced the transaction final December. The Division of Justice granted preliminary approval of the deal in October. CVS stated it could promote its Medicare Half D drug plan enterprise to WellCare Well being Plans for an undisclosed quantity so as ease issues in regards to the overlap between CVS’ and Aetna’s Medicare Half D plans.






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