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California Clears Aetna-Humana Deal as Anthem Still Under Review
Bloomberg Record

Aetna Inc.’s $37 billion deal to buy Humana Inc. was approved by the California Department of Managed Health Care, which said Monday that it could move forward after the company agreed to invest in the state’s health-care infrastructure. Humana’s stock rose 1.9 percent to $190.74 at 3:07 p.m. New York time. Aetna gained 1.5 percent to $122.88. California’s sign-off comes as federal regulators are considering the antitrust risks of the deal, as well as of Anthem Inc.’s $48 billion takeover of Cigna Corp.