CVS Health Corp. (CVS) plans to sell about $44 billion of bonds as soon as Tuesday to fund its about $68 billion acquisition of health insurer Aetna Inc., according to reports.
CVS reportedly will sell bonds with repayment dates ranging from about two years to 30 years and the 30-year portion would remain outstanding even if regulators reject the deal, which would force CVS to buy back most of the debt.
For comments and feedback contact: editorial@rttnews.com
Business News