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Aetna Inc To Buy Humana Inc For $34 Billion
(By - HANNAH ISHMAEL, www.bidnessetc.com)
Aetna Inc. (NYSE:AET), the third-largest health insurer in the US, announced Friday it has agreed to acquire its smaller rival Humana Inc. (NYSE:HUM) for $34.1 billion, following weeks of merger-related speculation concerning the health insurance giants. The said deal is expected to boost Aetna’s ranking in the health insurance industry to number 2, bringing the company on par with Anthem Inc. (NYSE:ANTM) as measured by memberships. Read more…
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