The planned acquisition of Aetna Inc. by CVS Health Corp. will result in a company with a combined $23.4 billion in retirement plan assets, reports Pensions & Investments.

Rhode Island-based CVS announced Sunday that it plans to acquire Connecticut-based Aetna, with the transaction valued at approximately $77 billion.

While the deal is expected to close in the second half of 2018, it will have to run the gauntlet of regulatory and stockholder approvals first, as well as what a CVS release termed “other customary closing conditions.”

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