CVS Health, Aetna agree to $69B merger

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CVS Health and Aetna agree to mergerCVS Health has announced it will buy insurer Aetna for about $69 billion, a deal which potentially could reshape America's healthcare industry.

Both companies announced the acquisition Sunday, which had been the subject of negotiations for months.

CVS will pay $207 per share for Aetna and its debt, and Aetna shareholders will receive $145 per share and about 0.84 of a CVS share for each Aetna share, the statement said.

The combination of the two businesses would combine CVS, with 9,000 pharmacy stores and over 1,000 walk-in clinics, with Aetna, an insurance company which covers over 22 million customers.

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