Skip to main content

Market Overview

Starboard Takes Stake In CVS Heath

Starboard Takes Stake In CVS Heath

On Tuesday, The Wall Street Journal reported activist investor Starboard Value LP has taken a stake in CVS Health Corp (NYSE: CVS) and has been holding talks with the drugstore.

It's unknown how much Starboard currently owns of CVS.

See Also: CVS Health Reports Q3 Earnings Beat, Raises Guidance

One year ago, CVS acquired health insurer Aetna for nearly $70 billion. The deal made CVS’s drugstore network and pharmacy-benefit manager one of the country's largest health insurers.

CVS Health shares traded down 1.4% at $75.47. The stock has a 52-week high of $81.65 and a 52-week low of $51.72.

Photo courtesy of CVS Health.


Related Articles (CVS)

View Comments and Join the Discussion!

Posted-In: Aetna Starboard Value LPNews Hedge Funds General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at