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twitterMedco spin-off imminent
Wednesday, Aug. 6, 2003 | 11:02 a.m.
WHITEHOUSE, N.J. -- Merck & Co., the second-biggest U.S. drugmaker, plans to spin off its pharmacy-benefits manager Medco Health Solutions Inc. this month to focus on medicines.
Merck investors will get a special dividend of 0.1206 shares of Medco common stock for each share held as of Aug. 12, the Whitehouse, New Jersey-based company said. Medco has operations in Henderson.
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