Aetna will buy Coventry Health Care
Aetna Inc. will buy Coventry Health Care Inc. for $5.7 billion in cash and stock, a move that will make Aetna one of the largest providers of government-financed health care, MarketWatch reported. Aetna, based in Hartford, Conn., is paying $42.08 a share for Coventry, which is a 20 percent premium to Coventry’s shares as of Friday’s close.
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