FRANKLIN LAKES, N.J., Nov. 29 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS) today announced that its Board of Directors has approved a two-for-one stock split. The stock split, effected in the form of a dividend, will entitle all shareholders of record at the close of business on Jan. 10, 2008 to receive one additional share of Medco common stock for each share held on that date. The stock dividend will be distributed on Jan. 24, 2008.
Since becoming a public company in August 2003, Medco's stock has appreciated approximately four-fold.
"By concentrating our resources on breakthrough innovations that deliver clinical and financial value to our clients and members, we have, in turn, delivered a consistent track record of building wealth for our shareholders," said David B. Snow Jr., Medco chairman and CEO. "Following this strategy that leverages key growth drivers -- including generics, mail order, specialty pharmacy, and Medicare, and our success in driving net-new business -- we are confident that we will continue to grow shareholder value."
Medco Health Solutions, Inc. (NYSE: MHS) is the nation's leading
pharmacy benefit manager based on its 2006 total net revenues of more than
$42 billion. Medco's prescription drug benefit programs, covering one in
five Americans, are designed to drive down the cost of pharmacy health care
for private and public employers, health plans, labor unions and government
agencies of all si
|SOURCE Medco Health Solutions, Inc.|
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