CVS Health Reportedly In Talks To Buy Aetna

(RTTNews) - CVS Health Corp. (CVS) is in talks to buy Aetna Inc. (AET) for more than $66 billion, the Wall Street Journal reported citing people familiar with the matter.

CVS has made a proposal to buy the health insurer for more than $200 per share, the report said. The talks may not lead to a deal, but in a sign of their seriousness, the companies' respective chief executives— Larry Merlo at CVS and Mark Bertolini at Aetna—have met multiple times over a period of roughly six months, the report said.

AET closed Thursday's regular trading at $178.60, up $18.48 or 11.54%. But in the after-hours trade, the stock dropped $0.60 or 0.34%.