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Can you provide information regarding the spin-off of Caremark Rx from Baxter along with cost-basis information?

April 26, 2017Baxter Caremark cost-basis Rx Spin-Off

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Can you provide information regarding the spin-off of Caremark Rx from Baxter along with cost-basis information?

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On 11/30/92, Baxter spun off Caremark. The spin-off was in the form of a special stock dividend. For every 4 shares of Baxter, you received 1 share of newly-created Caremark. For example, if you owned 400 shares of Baxter, you would have received 100 shares of Caremark. New cost basis were determined by multipliers that were based upon on the price of Baxter on 11/30/92. New cost basis are as follows: New Baxter cost basis = (original cost basis* of Baxter) x .90823 Caremark cost basis = (original cost basis* of Baxter) x .09177 *Note: Baxter split 2 for 1 on 11/17/83. If you purchased Baxter before this date, you must adjust your cost basis for the split.