Breaking News

Humana stock spikes after report of Walmart acquisition talks

Walmart Inc. WMT, +1.37% is in early-stage talks to acquire medical insurance corporate Humana Inc. HUM, +0.48% The Wall Street Journal reported Thursday afternoon. Humana stocks jumped 13% in after-hours buying and selling following the document, while Walmart stocks dropped lower than 0.2%. The Journal, which cited nameless resources, didn't provide a possible ticket on a deal, however it noted that an acquisition would have to be the most important of all time for Walmart because Humana is recently worth about $37 billion. Walmart's biggest acquisition up to now used to be for $10.eight billion, the newspaper reported. The marriage of a store and well being care is not as odd as it is going to have been prior to now: Walmart rival Amazon.com Inc. AMZN, +1.11% has announced a partnership seeking to move into worker well being care, and store CVS Health Corp. CVS, -0.80% has agreed to acquire Aetna Inc. AET, -0.25% Humana and Aetna had prior to now agreed to merge, but gave up on those plans amid antitrust issues.