Express Scripts to Buy Medco for $29.1 Billion

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July 21 (Bloomberg) -- Express Scripts Inc. agreed to buy Medco Health Solutions Inc. for $29.1 billion to become the largest pharmacy-benefits manager in the U.S. The $71.36 offer in cash and stock is 28 percent more than Medco’s closing price of $55.78 yesterday. Investors will receive $28.80 in cash and 0.81 shares for each Medco share they own, according to a statement today from the companies. Pat Wechsler reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)


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