LOUISVILLE, Ky. (WDRB) — Aetna executives are nonetheless not able to say whether or not they’ll hand over on their proposed $37 billion acquisition of Louisville-based mostly Humana within the face of a federal decide’s order blocking the deal on antitrust grounds.
Aetna continues to guage whether or not it’s going to attraction the Jan. 23 order, Aetna CEO Mark Bertolini advised inventory analysts on a convention name Tuesday.
The corporate should determine whether or not to desert the deal or work out an extension with Humana by Feb. 15, the present deadline for the merger, Bertolini stated.
“We will take all of that point to ensure we have now pursued all potential alternatives to both attraction or not,” Bertolini stated. “…We’re in no rush provided that we are actually two weeks away from having to make that call.”
If the deal is terminated, Aetna would owe Humana a $1 billion break-up charge. Humana declined to touch upon Tuesday.
One analyst requested whether or not Aetna and Humana might provide you with an alternate plan to divest a few of the mixed firm’s belongings in a means which may fulfill federal authorities.
The businesses had deliberate to promote a few of their enterprise to Molina Healthcare for $117 million, however the proposal did not allay the Justice Division and decide’s considerations about competitors following the merger.
Bertolini stated it is “method too early” to say whether or not such a technique may be efficient.
“It has been eight days since we acquired the ruling. It took a number of days to learn it and perceive it to a degree of depth mandatory to think about subsequent strikes and we’re within the course of of creating all these subsequent strikes now,” Bertolini stated.
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