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CVS Prices $40B Bond Sale To Help Fund Aetna Acquisition

Law360 (March 7, 2018, 9:20 PM EST) -- CVS Health Corp., which is in the process of acquiring health insurance company Aetna Inc. for $69 billion, priced a massive $40 billion bond offering after markets closed Tuesday to help fund the acquisition.

The pharmacy operator’s offering — the capital markets’ largest global corporate bond sale in more than two years, according to Dealogic — comes following the U.S. Department of the Treasury’s Jan. 31 announcement that it would sell $42 billion of bonds in the February-April period, representing a heavy supply of bonds that...
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