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In Brief: Columbia/HCA

Executive Summary

Columbia/HCA: Amends merger agreement with Value Health so that each outstanding share of Value Health common stock will be exchanged for $20.50 in cash. Under the previous agreement, each share was to be exchanged for .58 shares of Columbia stock, which had an April 14 closing value of $18.20 per share. The merger is expected to be completed in the second quarter of 1997. Value Health also said it has received a letter from MedPartners proposing a merger in which each outstanding share of Value Health stock would be exchanged for 1.1 shares of MedPartners stock...

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