CVS Buying Aetna for $69 Billion; Promises to ‘Remake’ Consumer Healthcare Experience

Edward C. Baig

CVS shareholders will assume Aetna’s debt in a deal announced Sunday.

CVS Health is buying Aetna for $69 billion in cash and stock. The long-awaited deal was made official Sunday evening.

Aetna stockholders are to receive around $207 a share—$145 in cash and $62 in stock—and will own about 22% of the combined company. CVS shareholders will own the remainder. Including the assumption of Aetna’s debt, the total value of the transaction climbs to $77