JULY 6, 2015

Davis Polk guides Aetna in $37 billion purchase of Humana

Davis, Polk & Wardwell provided counsel to Hartford, Conn.-based health insurance company Aetna Inc. in its purchase of Louisville, Ky.-based Humana Inc. for $37 billion. Per terms of the deal, Humana shareholders will receive $125 in cash and 0.8375 shares of Aetna common stock for each share of Humana stock. The deal is subject to shareholder approval and requires a waiting period for anti-trust concerns.

Davis Polk used a primarily New York-based team which included partners David Caplan, H. Oliver Smith, Jeffrey P. Crandall, Edmond T. FitzGerald, Lawrence Portnoy, Jason Kyrwood and Richard Sandler. Menlo Park-based partner Rachel Kleinberg provided tax advice. The team included associates Harold Birnbaum, Darren Schweiger, Taylor Thompson, Camila Panama, Reid Fitzgerald, William Curran, Geoffrey E. Walter, Yitz Segal and Shane Tintle and counsel Veronica Wissel and Scott Luftglass.