Humana stock falls 18% amid Aetna acquisition doubts

Louisville, Ky.-based Humana's share price dropped 18.6 percent from its June 21 high of $190.07 amid rising doubts its proposed acquisition by Hartford, Conn.-based Aetna will falter, the Hartford Courant reported.   

Investors are just beginning to return to the insurer after weeks of losses. Humana share prices closed at $161.30 Wednesday, a 4.3 percent increase for the day. Aetna's stock also fell more than 4 percent since June 21, but saw a 3.2 percent increase Wednesday.

Stock changes reflect reports about the U.S. Department of Justice's concerns regarding Aetna's $37 billion acquisition of Humana, the Hartford Courant reported. Aetna executives met with top DOJ officials last Friday and presented the sale of its Medicare Advantage assets — valued around $1 billion — in hopes to soothe antitrust concerns.

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