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CVS Wins Court Approval for Antitrust Accord on Aetna Deal (2)

Sept. 4, 2019, 8:35 PMUpdated: Sept. 4, 2019, 9:22 PM

CVS Health Corp. won court approval for its $68 billion takeover of Aetna Inc., removing the final barrier to a deal that adds a major health-insurance business to a nationwide network of pharmacies and prescription-drug benefit programs.

U.S. District Judge Richard Leon on Sept. 4 signed off on a settlement reached last year with antitrust enforcers at the Justice Department that cleared the way to create a health-care giant. Opponents of the merger had argued the combination would harm competition.

Shares of CVS rose 3% in after-hours trading following the decision.

Leon had ordered the companies and the U.S. ...