Aetna Inc. (NYSE:AET) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Humana Inc. (Humana), Echo Merger Sub, Inc., a wholly-owned
subsidiary of Aetna (Merger Sub 1), and Echo Merger Sub, LLC, a
wholly-owned subsidiary of Aetna (Merger Sub 2), entered into an
Agreement and Plan of Merger (the Merger Agreement), to which,
subject to the satisfaction or waiver of certain conditions,
Merger Sub 1 will be merged with and into Humana, with Humana
surviving the merger as a wholly-owned subsidiary of Aetna (the
First Merger), and immediately following the First Merger, Humana
will be merged with and into Merger Sub 2, with Merger Sub 2
surviving the merger as a wholly-owned subsidiary of Aetna.
Aetna, Merger Sub 1, Merger Sub 2 and Humana entered into a
letter agreement (the Letter Agreement) to which Aetna and Humana
each agreed, in order to extend the End Date (as defined in the
Merger Agreement), to waive until 11:59 p.m. (Eastern time) on
February 15, 2017 its right to terminate the Merger Agreement due
to a failure of the Mergers to have been completed on or before
December 31, 2016.
its entirety by reference to the Letter Agreement, a copy of
which is filed as Exhibit 10.1 hereto and incorporated herein by
Letter Agreement, dated as of December 21, 2016, among
Aetna Inc., Echo Merger Sub, Inc., Echo Merger Sub, LLC and
About Aetna Inc. (NYSE:AET)
Aetna Inc. is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS). The Group Insurance segment’s products consist of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Large Case Pensions segment manages a range of retirement products, (including pension and annuity products) primarily for tax-qualified pension plans. Its customers include employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers (providers), Government-sponsored plans, labor groups and expatriates. Aetna Inc. (NYSE:AET) Recent Trading Information
Aetna Inc. (NYSE:AET) closed its last trading session up +1.26 at 125.95 with 1,345,701 shares trading hands.