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U.S Justice asks Judge approve merger agreement; CVS and Aetna may sign off the deal

U.S Justice asks Judge to approve merger agreement; CVS U.S. drug store chain and Aetna may sign off on the deal

Reuters – TFM Watch

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WASHINGTON (Reuters) – The U.S. Justice Division officially asked a judge on Monday to approve its agreement to allow CVS Health Corp to merge with guarantor Aetna.

Judge Richard Leon of the U.S. District Court for the District of Columbia reproved the legislature and gatherings toward the end of last year for shutting the $69 billion dollar merger before the assent request was affirmed by the court. Accordingly, CVS offered to end some combination of the two organizations.

With the administration’s demand for conclusive endorsement of the merger, Leon may approve the deal with no further argument or may choose to hold a hearing to allow critics to raise their worries, said Andre Barlow of the law firm Doyle, Barlow and Mazard PLLC, an antitrust expert who has been following the case.

The Justice Department endorsed the merger of CVS, a U.S. drug store chain and advantages director, and Aetna in October on condition that Aetna move its Medicare professionally prescribed medication plan business to WellCare Health Plans Inc. The two arrangements have shut.

CVS declined to comment on this story.

Source: Reuters

– TFM Watch

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