Aetna Inc. will acquire Bethesda-based Coventry Health Care Inc. in a $5.7 billion deal in cash and stock, a move that will make Aetna one of the largest providers of government-financed health care, The Wall Street Journal reported.
Aetna is paying $42.08 per share for Convetry, a 20.4 percent premium to Coventry’s shares as of Friday’s close. The boards of both companies have approved the deal, which is expected to be announced on Monday.
{iframe}http://www.bizjournals.com/washington/morning_call/2012/08/aetna-to-buy-coventry-health-care.html?ana=e_wash_rdup&s=newsletter&ed=2012-08-20{/iframe}