SPINOFF: AmerisourceBergen [ABC] - PharMerica [PMC]
Issue:
On 7/31/2007 AmerisourceBergen Corporation [ABC] distributed 0.0833752 shares of PharMerica Corporation [PMC] for each share of ABC owned in a regular spinoff.
Cause:
This is a normal spinoff.
Resolution:
Enter the spinoff transaction in accordance with the instructions at
http://www.iclub.com/support/kb/default.asp?page=normal_spinoff
Here's the information you need for the spinoff:
1. Spinoff date - 7/31/2007
2. Parent company - AmerisourceBergen Corporation [ABC]
3. Remaining basis percentage of Parent Company, [ABC] - 97.11.
4. Number of shares held in parent company - provided by software.
5. There is one daughter company - PharMerica Corporation [PMC]
6. Number of shares of PMC received - This will be the number of shares owned in ABC multiplied by 0.0833752 (make sure to include fractional shares).
7. Price per share of daughter company - $16.5.
8. Cash received in lieu of fractional shares - take from broker statement.
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