Medco Health Solutions Inc (MHS.N) and Express Scripts Inc's (ESRX.O) $29.1 billion merger carries termination fees and expenses of up to $225 million if one of the companies fails to make its best effort to get the deal closed. No termination fees would be required if the U.S. government blocks the combination of the two pharmacy benefit managers, the companies said. According to a filing with the U.S. Securities and Exchange Commission, the deal can be terminated if it fails to close by April 20, 2012. The deadline can be extended up until Oct. 22, 2012, the filing said.
Medco Health Solutions, Inc. (Medco) is a healthcare company. Shares of MHS traded higher by 3.37% or $2.15/share to $65.98. In the past year, the shares have traded as low as $43.45 and as high as $66.38. On average, 4649480 shares of MHS exchange hands on a given day and today's volume is recorded at 6142092.
Express Scripts, Inc. is a pharmacy benefit management (PBM) operating in North America, offering a range of services to its clients, which include health maintenance organizations (HMOs), health insurers, third-party administrators, employers, union-sponsored benefit plans, workers? compensation plans and Government health programs. Shares of ESRX traded higher by 3.35% or $1.855/share to $57.21. In the past year, the shares have traded as low as $41.55 and as high as $60.89. On average, 6258570 shares of ESRX exchange hands on a given day and today's volume is recorded at 7768158.
