Those conditions include the sale of a UTC facility in Danbury.
Although it would boost defense industry consolidation, there is little overlap between Raytheon and UTC that would pose anti-trust issues for the federal government.
There are also grumblings in Congress about the deal, which would further consolidate the defense industry.
President Donald Trump and Sen. Richard Blumenthal were among those who voiced concerns on Monday that the merger would hurt competitiveness in the defense industry.
U.S. District Court Judge Richard Leon questioned whether Aetna’s divestiture of its Medicare Part D business was sufficient and has scheduled another round of hearings.
A Delaware judge is weighing competing claims by the insurers whose failed merger turned into a messy divorce.
CVS announced the completion of its purchase of Aetna on Wednesday, promising the new combined company would lead to “improved health outcomes and lower medical costs.”
The Connecticut Insurance Department has approved CVS Health Corp’s $69 billion merger with Hartford-based Aetna Inc.
The approval is contingent on Aetna completing the sale of its standalone Medicare Part D prescription plan business.
WASHINGTON –The Justice Department on Wednesday cleared CVS Health Corp.’s planned $69 billion merger with Aetna Inc. after the companies agreed to divest a Medicare prescription drug plan sold by the Hartford-based health insurer. Consumer groups, however, continue to oppose the deal.
Updated at 2 p.m.
WASHINGTON — Anthem’s $54 billion merger deal with Cigna is considered to be on life support after a federal appeals court ruled last week it violated antitrust law. But on Friday, Anthem said it is appealing that decision to the U.S. Supreme Court.
WASHINGTON – A federal appeals court on Friday agreed with a lower court that Anthem’s proposed $54 billion merger with Cigna would be anti-competitive and should not be allowed, but Anthem said it plans to continue pursuing the deal.
WASHINGTON — Anthem and the Justice Department faced off in court Friday over the insurer’s proposed merger with Cigna, with the legal wrangling centered on whether any savings from the deal would justify shrinking the market for large employer insurance policies from four to three carriers.
WASHINGTON – In its showdown next week with Anthem over a planned merger with Cigna, the Justice Department will make the Bloomfield-based insurer’s unique business model a key part of its argument aimed at swaying an appellate court to reject the $54 billion deal.
Updated at 6:25 p.m.
WASHINGTON — The American Medical Association, says it is “alarmed” Anthem may be taking advantage of changes in leadership in the Justice Department that would “bend antitrust laws” and result in a settlement of the federal case that has blocked its merger with Cigna.
WASHINGTON — Anthem’s effort to merge with Cigna, which seemed to end with a huge thud when a federal court ruled the $54 billion deal is anti-competitive, may have been given new life – but the odds are long and Connecticut could stand in the way.