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CVS Health Corp (CVS.N)

CVS.N on New York Stock Exchange

72.18USD
22 Jun 2018
Change (% chg)

$1.10 (+1.55%)
Prev Close
$71.08
Open
$71.59
Day's High
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Volume
2,682,722
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$84.00
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Latest Key Developments (Source: Significant Developments)

Fred’s Reaches Definitive Agreement To Sell Specialty Pharmacy Unit
Tuesday, 8 May 2018 

May 7 (Reuters) - Fred's Inc ::FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT.FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT.FRED'S INC - AGGREGATE CONSIDERATION TO BE PAID IS $40.0 MILLION, PLUS AN AMOUNT EQUAL TO VALUE OF INVENTORY OF ENTRUSTRX.FRED'S INC - REACHED AGREEMENT TO SELL CERTAIN ASSETS OF ENTRUSTRX TO A SUBSIDIARY OF CVS HEALTH CORP.FRED'S INC - CASH PROCEEDS FROM DEAL WILL ALLOW CO TO PAY DOWN A SIGNIFICANT PORTION OF DEBT.  Full Article

CVS Health Provides 2018 Outlook
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - CVS Health Corp ::CVS HEALTH PROVIDES 2018 OUTLOOK.CVS HEALTH CORP - FOR FULL-YEAR 2018, COMPANY EXPECTS TO DELIVER CONSOLIDATED NET REVENUE GROWTH OF 0.75 PCT TO 2.5PCT.CVS HEALTH CORP - EXPECTS NET INTEREST EXPENSE IN A RANGE OF $2.0 BILLION TO $2.3 BILLION IN 2018.CVS HEALTH CORP - ADDITIONALLY, COMPANY REVISED ITS OUTLOOK FOR Q4 OF 2017.CVS HEALTH CORP - EXPECTS ITS EFFECTIVE TAX RATE TO BE ABOUT 27PCT IN 2018.CVS HEALTH CORP - FOR FULL-YEAR 2018, CO EXPECTS ADJUSTED CONSOLIDATED OPERATING PROFIT GROWTH OF 1PCT TO 4PCT.CVS HEALTH CORP - EXPECTS TO MEANINGFULLY BENEFIT IN Q4 FROM TAX CUTS AND JOBS ACT​.CVS HEALTH SAYS WILL BENEFIT FROM RECENT U.S. TAX REFORM SIGNED INTO LAW LAST MONTH.CVS HEALTH CORP - ‍ NOW SEES A MID-TEENS GROWTH RATE IN Q4 2017, ABOUT 4 PERCENT FOR FULL YEAR FOR PHARMACY SERVICES SEGMENT'S ADJUSTED OPERATING PROFIT​.CVS HEALTH- FOR Q4 EXPECTS TO DELIVER ADJUSTED CONSOLIDATED OPERATING PROFIT GROWTH, ADJUSTED EPS AT LOWER END OF RESPECTIVE RANGES PROVIDED DURING Q3 2017.CVS HEALTH CORP - ‍CONTINUES TO EXPECT Q4 OPERATING PROFIT FROM ITS RETAIL/LTC SEGMENT TO BE AT HIGH END OF ITS PREVIOUSLY-PROVIDED RANGE​.CVS HEALTH SAYS CONTINUES TO EXPECT PENDING ACQUISITION OF AETNA TO CLOSE DURING SECOND HALF OF 2018.  Full Article

CVS Health Sets Quarterly Dividend Of $0.50 Per Share
Friday, 29 Dec 2017 

Dec 29 (Reuters) - CVS Health Corp ::SETS QUARTERLY DIVIDEND OF $0.50 PER SHARE.  Full Article

CVS Health Says On Dec 15, Co Entered Into Term Loan Agreement Providing For Total Term Loan Commitments In Aggregate Principal Amount Of $5.0 Bln
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - CVS Health Corp ::CVS HEALTH - ON DEC 15, CO ENTERED INTO TERM LOAN AGREEMENT PROVIDING FOR TOTAL TERM LOAN COMMITMENTS IN AGGREGATE PRINCIPAL AMOUNT OF $5.0 BILLION.CVS HEALTH SAYS THE TERM LOAN AGREEMENT WAS ENTERED INTO IN CONNECTION WITH PREVIOUSLY ANNOUNCED PROPOSED MERGER OF CO WITH AETNA INC.CVS HEALTH SAYS TERM LOAN FACILITY UNDER TERM LOAN AGREEMENT CONSISTS OF A $3 BILLION 3-YEAR TRANCHE AND A $2 BILLION 5-YEAR TRANCHE - SEC FILING.  Full Article

Moody's says CVS-Aetna merger would have negative implications for other health care companies‍​
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - :Moody's: CVS-Aetna merger would have negative implications for other health care companies‍​.  Full Article

CVS nears majority cash deal for Aetna - CNBC
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - :CVS NEARS MAJORITY CASH DEAL FOR AETNA THAT COULD VALUE INSURER AT BETWEEN $200 AND $205 PER SHARE; DEAL COULD BE ANNOUNCED BY MONDAY- CNBC, CITING DJ.  Full Article

CVS Health sets goal of hiring 5,000 new apprentices by 2022​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - CVS Health Corp :CVS Health Corp - ‍has set a goal of hiring 5,000 new apprentices by 2022​.CVS Health Corp - ‍new goal of hiring new apprentices reflects expansion of co's registered apprenticeship program to seven additional states.  Full Article

Mckesson acquires RxCrossroads in a deal valued at $735 mln
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Mckesson Corp ::Mckesson strengthens its portfolio of manufacturer solutions with the acquisition of RxCrossroads.Mckesson Corp - ‍transaction is valued at $735 million, or approximately $635 million net of present value of incremental cash tax benefits​.Mckesson Corp - ‍transaction will be funded by cash on hand​.Mckesson - ‍signed agreement to buy RxCrossroads from Cvs Health Corporation​.Mckesson Corp - ‍co expects impact of deal to be about 20 cents accretive to adjusted earnings per diluted share by third year following close of deal​.  Full Article

CVS Health in presentation- Expects FY revenue growth of 3.25-3.75 pct‍​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - CVS Health Corp :In presentation- expects FY revenue growth of 3.25-3.75 pct‍​.In presentation- expects FY PBM net revenue growth of 8-8.5 percent, adjusted gross margin to modestly decline.In presentation- expects FY retail net revenue to decline 2.25-2.75 percent, adjusted gross margin to modestly improve.In presentation- expects Q4 net revenue to grow 2.5-4.25 percent.In presentation- expects Q4 retail net revenue to decline 0.5-2.25 percent, comp sales to decline 1-2.75 percent.In presentation- expects Q4 pharmacy services revenue to grow 6-7.75 percent.  Full Article

CVS has proposed to acquire Aetna for more than $200 per share - CNBC, citing DJ‍​
Friday, 27 Oct 2017 

Oct 26 (Reuters) - :CVS has proposed to acquire AETNA for more than $200 per share - CNBC,citing DJ‍​.  Full Article

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AT&T, U.S. Justice Department await decision that could determine future of media

WASHINGTON AT&T Inc, which owns DirecTV, awaits a court ruling on Tuesday that will determine if it can buy Time Warner Inc, a decision that could prompt a cascade of pay TV companies buying television and movie makers and the first big test of the Trump administration's antitrust teams.