Medco spin-off complete
Executive Summary
Medco debuts on New York Stock Exchange at $23.10, for a market cap of $6.2 bil. Merck completes spin-off Aug. 12, issuing 270 mil. shares. Medco's initial value is approximately what Merck paidin 1993 (1"The Pink Sheet" Aug. 11, 2003, p. 28)...