Aetna (AET) shares are popping after CVS announced plans to acquire the health insurer for about $69 billion in cash and stock, or about $207 per share. The vertical merger is likely to come under antitrust scrutiny, especially after the administration’s recent moves on the AT&T (T) and Time Warner (TWX) deal.
Walt Disney (DIS) shares are higher as the owner of the Magic Kingdom hopes to work some magic in a new round of talks for 21st Century Fox (FOXA) assets, including its film studio, international assets and stake in Hulu. Disney is only one of many recent suitors for Fox, which itself is up 4%, but down slightly for the year.
Shares of Signet Jewelers (SIG) are sinking after the firm disclosed the CFPB is considering legal action related to its “credit practices, promotions, and payment protection products.”
Blue Apron (APRN) shares are slightly higher on an upgrade to equal weight from underweight at Barclays. Analysts cited valuation and the promotion of Brad Dickerson to CEO as reasons to be bullish on the meal-kit delivery service.