CVS Mounts Defense of Aetna Deal on Two Fronts

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CVS Mounts Defense of Aetna Deal on Two Fronts
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Tuesday is a busy day for CVS Health, when it will defend its $70 billion acquisition of Aetna both to a judge in federal court, and to skeptical shareholders at its investor day.

CVS Health Corp. will defend its acquisition of insurer Aetna Inc. in two high-profile settings Tuesday, seeking to sell skeptical investors and a federal judge on the nearly $70 billion deal.

CVS lawyers will be in a Washington, D.C., federal court for the start of an unusual three-day proceeding in which U.S. District Judge Richard Leon is considering whether the Justice Department adequately protected competition when it approved the deal last year.

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