Opko Health (OPK) merger with Bio-Reference Labs (BRLI)

On August 20th, OPKO Health, Inc. (OPK) and Bio-Reference Laboratories, Inc. (BRLI) announced the completion of their merger. Shareholders of Bio-Reference will receive 2.75 shares of OPKO common stock for each share of Bio-Reference common stock.

This is a standard merger, which can be entered using the basic steps at: https://www.iclub.com/faq/Home/Article?id=52 for myICLUB.com online accounting

The specific information for this transaction is:

  • Date: 8/20/15
  • Share price of Bio-reference Labs (BRLI) on that date: 34.61
  • New Company: Opko Health (OPK)
  • Shares in the new company: Multiply your shares in BRLI by 2.75. Don't forget to include any fractional shares
  • Price per share of Opko on that date: 12.38
  • Cash for fractional shares: Include any cash the club received.

Additionally, some clubs have been charged a reorganization fee.