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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 1, 2000
AETNA INC.
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(Exact Name of Registrant as Specified in its Charter)
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Connecticut 1-11913 02-0488491
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
151 Farmington Avenue
Hartford, Connecticut 06156
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(Address of Principal Executive Offices) (Zip Code)
(860) 273-0123
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(Registrant's telephone number, including area code)
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
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<PAGE>
ITEM 5. Other Events.
On March 1, 2000, Aetna Inc. issued a press release concerning a letter
received from WellPoint Health Networks Inc. and ING America Insurance Holdings,
Inc. The press release is attached hereto as Exhibit 99.1.
Exhibit 99.1 - Press Release dated March 1, 2000.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
AETNA INC.
Dated: March 3, 2000 By /s/ Alan M. Bennett
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Name: Alan M. Bennett
Title: Vice President and
Corporate Controller
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EXHIBIT 99.1
Media Contact:
151 Farmington Avenue Joyce A. Oberdorf
Hartford, Conn. 06156 860-273-7391
Investor Contact:
Robyn S. Walsh
860-273-6184
AETNA ISSUES STATEMENT ON CNBC STATEMENT
Hartford, CT, March 1, 2000 -- Aetna (NYSE: AET) today confirmed that it
received on February 24, 2000 a letter from WellPoint Health Networks Inc. and
ING America Insurance Holdings, Inc. in which those companies expressed a
"desire to begin discussions" concerning an acquisition of Aetna. The letter
indicated that, subject to a due diligence review of Aetna and other conditions,
ING and WellPoint would propose a transaction whereby Aetna shareholders "would
receive approximately $70 per share in value, comprised of $44 in cash and $26
in WellPoint common stock." WellPoint and ING stated in their letter that they
intended to keep this proposal confidential.
The Aetna Board of Directors will review the letter in due course. Aetna
Chairman and CEO William Donaldson has previously announced that Aetna has
commenced a comprehensive review of the company's strategy and operations.
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