More on Aetna (AET) / Coventry (CVH) deal: Coventry shareholders will receive $27.30 in cash and...

|By:, SA News Editor

More on Aetna (AET) / Coventry (CVH) deal: Coventry shareholders will receive $27.30 in cash and 0.3885 Aetna common shares for each Coventry share, or $42.08/share. That's a 20% premium to Coventry's closing price on Friday, and its shares are +18.1% premarket. Deal adds over 5M members to Aetna and increases revenues from government to over 30% from 23%. To bring synergies of $400M/year in 2015. (PR)