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CVS Bondholders Might Get Stockholder Cash After Aetna Deal

Alexandra Scaggs

(CVS)’s (CVS) $70 billion purchase of Aetna closed on Wednesday. The combination was a so-called “vertical merger,” or a merger between a supplier and a distributor, which have faced more scrutiny lately. Politicians and think tanks have argued that they harm competition and reduce consumer choice, and U.S. prosecutors even challenged a merger between (T) (T) and Time Warner.