U.S. justice department seeks more information on Aetna, Humana deal

Reuters

Fri, Sep 18, 2015, 5:59 PM

Sept 18 (Reuters) - Health insurer Aetna Inc said on Friday that the U.S. Department of Justice asked for more information on its pending $37 billion acquisition of Humana Inc .

The DoJ's so-called "second request" will delay by 30 days the expiration of the waiting period under the Hart-Scott-Rodino antitrust act, Aetna said in a regulatory filing. (http://1.usa.gov/1KWrP6s)

Aetna's offer to buy Humana and rival health insurer Anthem Inc's $48 billion offer for Cigna Inc were expected to face increased scrutiny from regulators.

The two deals raised concerns of higher prices for companies that buy insurance for their workers or for people who buy their own insurance.

Aetna said on Friday that it continues to expect the acquisition to be completed in the second half of 2016.

(Reporting by Vidya L Nathan in Bengaluru; Editing by Savio D'Souza)

Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•12h ago
Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
Motley Fool•4h ago
Tesla's EV success made it 'Magnificent.' It could also be its downfall.
Tesla's growth story was about leading the paradigm shift to EVs, and an affordable car was a part of that story. Now without it, the narrative has changed.
Yahoo Finance•3h ago
Trump Media stock jumps for second day as company goes to battle with short sellers
Trump Media is advising investors on ways to prevent their shares from being loaned for a short-interest position.
Yahoo Finance•20h ago
2 Popular Artificial Intelligence (AI) Stocks to Sell Before They Drop 29% and 77%, According to Certain Wall Street Analysts
Certain Wall Street analysts see substantial downside for shareholders of Tesla and Palantir Technologies.
Motley Fool•5h ago
Here's What the Average Senior Couple Collects in Social Security Today
The number may be smaller than expected.
Motley Fool•4h ago
3 No-Brainer Stocks I'd Buy Right Now Without Hesitation
Plenty of stocks are still worth buying despite the S&P 500 sitting around all-time highs.
Motley Fool•2h ago
Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w
Benzinga•22h ago
Netflix reports strong subscriber gains, but Q2 revenue forecast disappoints
Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.
Yahoo Finance•48m ago
The Most Active Stock Trader in Congress Is Buying Shares of This Magnificent Stock-Split Stock
Wall Street's most-prominent stock-split stock of 2024 has been purchased on three separate occasions by a lawmaker who completed over 4,200 trades last year.
Motley Fool•1d ago

Recommended Stories