Newsletter Articles | July 31, 1992
Medco Merges With Biodyne
OPEN MINDS The Behavioral Health & Social Service Industry Analyst
Industry News
Medco Containment Services and American Biodyne, Inc. announced a merger agreement on August 17, 1992. The agreement will provide for the acquisition of Biodyne by Medco in a stock-for-stock transaction. Medco will issue approximately four million shares of common stock, based upon an exchange ratio of 0.723 shares of Medco stock for each share of Biodyne common stock. Based upon Medco's August 14 closing price, the transaction is valued at approximately $121 million.
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