Aetna shares rise after report of takeover offer NEW YORK, March 1 (Reuters) - Shares of Aetna Inc. (NYSE:AET - news) shot up more than 32 percent on Wednesday after a CNBC television report that the U.S. No. 1 health insurer had received a takeover offer worth $70 per share, or about $10 billion.
Aetna's shares jumped 13-3/8 to 52-5/8, after being halted at a mid-point of 42-7/16 earlier in the afternoon.
CNBC reported that Aetna received the unsolicited offer a few weeks ago from smaller health insurer Wellpoint Health Networks Inc. (NYSE:WLP - news) and ING Barings, the investment bank unit of Dutch bank-insurer Internationale Nederlanden Groep NV , citing a source close to the companies.
The report said Aetna had not made public the receipt of the offer and had not responded to it. Aetna officials were not immediately available for comment.
Aetna's share price hit an 8-year low last month amid lower-than expected results and dissatisfaction with management.
Aetna last Friday appointed William Donaldson, a Washington insider and Wall Street deal maker, as chief executive after Richard Huber resigned. The company also recently hired corporate turnaround specialist Robert Miller to revive its flagging share price.