Health insurer Aetna Inc. (AET) said Friday that the U.S. Department of Justice has cleared Aetna's proposed acquisition of Coventry Health Care, Inc. (CVH).
Aetna expects to complete its acquisition of Coventry within the next three business days.
Aetna said its projections for the Coventry deal remain unchanged. Aetna continues to project that the transaction will be modestly accretive to 2013 operating earnings per share, with $0.45 of accretion in 2014 and $0.90 of accretion in 2015.
In August 2012, Aetna agreed to buy diversified managed health care company Coventry Health Care for $7.3 billion, including assumption of debt.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.