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Merck Completes Medco Spinoff
Pharmaceutical giant Merck (MRK Quote) completed the spinoff of Medco Health Solutions (MHS Quote), its pharmacy benefits division, to its stockholders on Wednesday.
Merck stockholders received 0.1206 Medco common shares for each Merck share they held on Aug. 12. Shares of Medco were recently trading at $24.26, up 41 cents. ...
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