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Can you provide information regarding the merger of Caremark Rx with MedPartners along with cost-basis information?

April 26, 2017Caremark cost-basis merger Rx

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Can you provide information regarding the merger of Caremark Rx with MedPartners along with cost-basis information?

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On 9/06/96, Caremark merged with MedPartners. Caremark shareholders received 1.21 shares of MedPartners for every share of Caremark owned, with any fractional shares paid in cash. For example, an owner of 100 shares of Caremark became the owner of 121 shares of MedPartners (100 shares x 1.21) = 121 shares of MDM. The cost basis of your MedPartners stock is as follows: MedPartners cost basis = (cost basis of Caremark) / 1.