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At least six large law firms have scored key roles on the year’s largest acquisition that will see the nation’s second-largest drugstore chain combine with an insurance giant in a deal that could revamp the entire U.S. health care industry.

Dechert, McDermott Will & Emery and Shearman & Sterling are representing CVS Health Corp. on its its proposed $69 billion purchase—or $77 billion when including debt—of Aetna Inc., one of the country’s largest health care insurers.

Davis Polk & Wardwell advised longtime client Aetna in the deal, which was announced on Dec. 3, two days after the U.S. Senate passed a $1.4 trillion tax bill that cuts corporate taxes. Alan Klein, a former American Lawyer Dealmaker of the Year and co-head of Simpson Thacher & Bartlett’s M&A practice, is advising Aetna’s board of directors on the transaction, while Weil, Gotshal & Manges is counseling the mega-deal’s financiers Bank of America Merrill Lynch, Barclays plc and The Goldman Sachs Group Inc.

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Meghan Tribe

Meghan Tribe is a reporter covering the changing face of Big Law, from lateral moves and work-from-home programs to diversity initiatives. Contact her at [email protected] On Twitter: @TribeMeghan

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