Bloomberg Law
December 5, 2016, 4:17 PM UTC

Aetna Starts Bid to Salvage Humana Deal in U.S. Antitrust Trial

Bloomberg Media

By Andrew M Harris and David McLaughlin, Bloomberg News

Aetna Inc.’s attempt to assuage U.S. antitrust concerns about its $37 billion takeover of Humana Inc. by selling assets to a smaller company landed with a resounding thud.

The companies are trying to convince a federal judge that the Justice Department’s rejection of the deal was wrong. A trial on the government’s lawsuit started Monday in Washington.

The firm Aetna wants to sell assets to, Molina Healthcare Inc., is unlikely to replace the competition that would be lost from the merger, according a filing by the U.S. Molina was criticized by the ...

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