Shareholders approve merger of Aetna, Humana
Shareholders of Aetna and Humana in October 2015 voted separately and approved overwhelmingly the health insurers’ proposed $37 billion merger. Aetna shareholders approved the issuance of up to 127 million common shares to Humana stockholders, who agreed to the terms of the July 2015 merger agreement with Aetna as finalized in July.
The deal is expected to close in the second half of 2016 after the approval of state insurance and federal antitrust regulators and the two companies may then proceed with the post-merger integration process. In other words, clients and distributors should not expect any change before late 2016 or early 2017.