Aetna officials haven't decided whether to appeal judge's decision to …
LOUISVILLE, Ky. (WDRB) — Aetna executives are nonetheless not able to say whether or not they’ll surrender on their proposed $37 billion acquisition of Louisville-based mostly Humana.
Aetna CEO Mark Bertolini informed inventory analysts on a convention name Tuesday that the corporate will determine whether or not to attraction a decide’s ruling blocking the transaction earlier than Feb. 15, the present deadline for the merger.
Bertolini stated the corporate is evaluating its case and is “in no rush” to decide. Earlier than Feb. 15, the corporate will announce both that the merger has been terminated or that its deadline has been prolonged.
If the deal is terminated, Aetna would owe Humana a $1 billion break-up charge.
Aetna introduced in the present day in its 2016 4th quarter and yearly report convention name with buyers and analysts from Hartford Connecticut that it’s “disillusioned with the courtroom’s choice” and it “plans to attraction the decide’s” determination to merge with Humana.
The businesses strongly consider it’ll supply shoppers extra well being care choices.