Aetna expects the acquisition to modestly help earnings next year, not counting transaction costs. Aetna forecasts a gain of about 45 cents per share to its annual earnings in 2014 and 90 cents per share in 2015 from the deal.
Shares of Coventry climbed 20 percent, or $7.10, to close at $42.04 Monday, while Aetna shares rose 5.6 percent, or $2.14, to $40.18. Broader trading indexes fell slightly.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.