CVS will buy insurance giant Aetna - KWWL - Eastern Iowa Breaking News, Weather, Closings

CVS will buy insurance giant Aetna

Posted: Updated:
  • NationalMore>>

  • 'Hotel Transylvania 3' tops charts, 'Skyscraper' stumbles

    'Hotel Transylvania 3' tops charts, 'Skyscraper' stumbles

    Sunday, July 15 2018 11:47 AM EDT2018-07-15 15:47:58 GMT
    Monday, July 16 2018 4:30 PM EDT2018-07-16 20:30:16 GMT
    (Sony Pictures Animation via AP). This image released by Sony Pictures Animation shows a scene from "Hotel Transylvania 3: Summer Vacation."(Sony Pictures Animation via AP). This image released by Sony Pictures Animation shows a scene from "Hotel Transylvania 3: Summer Vacation."
    "Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust.More >>
    "Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust.More >>
  • Amazon's Prime Day runs into snags swiftly

    Amazon's Prime Day runs into snags swiftly

    Monday, July 16 2018 3:25 AM EDT2018-07-16 07:25:19 GMT
    Monday, July 16 2018 4:29 PM EDT2018-07-16 20:29:55 GMT
    (AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will ...(AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will ...
    Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.More >>
    Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.More >>
  • Man accused of killing officer to be arraigned at later date

    Man accused of killing officer to be arraigned at later date

    Sunday, July 15 2018 10:55 PM EDT2018-07-16 02:55:12 GMT
    Monday, July 16 2018 4:22 PM EDT2018-07-16 20:22:27 GMT
    (Gary Higgins/The Quincy Patriot Ledger via AP). This Dec. 10, 2012 photo shows Weymouth Police Officer Michael C. Chesna in Weymouth, Mass. Chesna died Sunday, July 15, 2018, from wounds sustained when a suspect allegedly took the officer's gun and fi...(Gary Higgins/The Quincy Patriot Ledger via AP). This Dec. 10, 2012 photo shows Weymouth Police Officer Michael C. Chesna in Weymouth, Mass. Chesna died Sunday, July 15, 2018, from wounds sustained when a suspect allegedly took the officer's gun and fi...
    A man accused of fatally shooting a Massachusetts police officer with the officer's own weapon and an innocent bystander is scheduled to be arraigned on murder charges.More >>
    A man accused of fatally shooting a Massachusetts police officer with the officer's own weapon and an innocent bystander is scheduled to be arraigned on murder charges.More >>
DALLAS (AP) -

CVS will buy insurance giant Aetna in a roughly $69 billion deal that will help the drugstore chain provide more health care and keep a key client, according to a person with knowledge of the matter.

The person said Sunday that CVS Health Corp. will pay about $207 in cash and stock for each share of Aetna Inc. The person spoke on condition of anonymity because the deal has not been announced publicly.

Reports of a possible deal surfaced in late October.

The combination pairs a company that runs more than 9,700 drugstores and 1,100 walk-in clinics with an insurer covering about 22 million people.

The deal could provide new customers for CVS stores for the growing list of medical services that it offers.

Powered by Frankly