CVS to split off drugstore business in major breakup of healthcare giant; shares fall 10%
Summary
CVS plans to separate its drugstore division in a significant corporate restructuring. This strategic shift will dismantle the integrated healthcare conglomerate formed by its massive acquisition years ago.
The move would reverse the company's $78 billion acquisition of Aetna and dismantle the vertically integrated healthcare conglomerate it created in 2018.
Source: Read the full story at US Top News and Analysis
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