From one of my recent last posts, many people were expecting an offer from CVS to AETNA for a buyout, and on Sunday both an offer and acceptance was given for $207 a share of cash and CVS shares. Current price of Aetna stock as of the close on Friday was 181.31. A 14% premium on their current value.
Department of Justice and Antitrust watchers aren't expected to get in the way , but aren't expected to make things easy either. Some small requirements of shedding assets may be required for the deal to pass. Analysts aren't expecting anything too drastic.
News on Friday was expecting an offer by Monday morning I don't think many were expecting an accepted offer by that time. Here's to a nice pop in the stock and our option contracts for those that traded this position when news hit the street.
For more information about the merger plans feel free to read this story and look around for others.
This post has been ranked within the top 10 most undervalued posts in the first half of Dec 04. We estimate that this post is undervalued by $100.15 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 04 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Stop
We apologize for any inconvenience. You will no longer receive these comments on your posts.