Home Options Trading Advantage Options – Shares of Aetna Rise on CVS Takeover

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Shares of Aetna Insurance Company (AET) rose towards the end of trading on Friday after it was reported that CVS Retail Pharmacy Company was very close to making a deal to buyout AET. As previously reported, CVS was pursuing buying AET in a move perceived as a way for the company to defend its business from the expected competition from Amazon. The deal was finalized over this weekend, with CVS agreeing to pay $69B for AET. AET shares are up in premarket trading by around +3.00% over their close on Friday at 181.31. Keep an eye on the stock for the Monday session.

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