Coventry Health Care Shares Surge In Pre-Market On Acquisition News

by Monica Gerson, Benzinga Staff Writer

August 20, 2012 6:45 AM | 20 seconds read | Make a Comment

Shares of Coventry Health Care

CVH

jumped more than 20% in pre-market trading after Aetna

AET

announced its plans to buy Coventry Health Care for $5.6 billion in cash and stock. The deal represents a 20.4% premium to Coventry's closing stock price of $34.94 on Friday. Coventry Health Care shares surged 20.64% to $42.15 in pre-market trading.

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