In Plain English
CVS Health Corp is splitting off Insurance Business into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This was recently announced.
Insurance Business will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
CVS Health Corp
CVS
Healthcare
SpinCo / Target
Insurance Business
Announced
Sep 30, 2024
Sep 30, 24
Expected
TBD
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
CVS Health exploring spin-off of its insurance business (Aetna).
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2024-09-30
COMPLETEDForm 10 Filed
UPCOMINGIRS Tax Ruling
UPCOMINGShareholder Approval
UPCOMINGRecord Date
UPCOMINGDistribution / Completion
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2024-09-30
Form 10 Filed
UPCOMINGRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
UPCOMINGPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
UPCOMINGBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.