Aetna and CVS spike on reports that CVS is in talks to acquire the insurance company

Shares of Aetna jumped more than 12% after reports that CVS was in talks to acquire the insurance provider, according to a report from CNBC.

CVS saw a smaller jump after the report, paring some of its losses from earlier in the trading session.

Dow Jones reported that CVS proposed buying Aetna for more than $200 per share.

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Markets Insider