Federal Judge to Hold Hearings on Decision to Allow CVS-Aetna Merger - News Summed Up

Federal Judge to Hold Hearings on Decision to Allow CVS-Aetna Merger


WASHINGTON—A federal judge on Friday said he wants to hear in court from witnesses who object to the Justice Department’s decision last year to approve CVS Health Corp.’s nearly $70 billion acquisition of Aetna Inc.—a highly unusual move that threatens to shake up the already-consummated deal. U.S. District Judge Richard Leon in Washington, D.C., is reviewing a department settlement last fall that allowed the merger after the companies agreed to sell off assets related to Medicare drug coverage.


Source: Wall Street Journal April 05, 2019 20:07 UTC



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