Health and Healthcare

Medco Health Solutions Files Shelf Registration (MHS)

Medco Health Solutions, Inc. (NYSE: MHS) has just made an SEC Filing that will allow the company to raise capital in the near future if it chooses.  While this could be a large offering, there is actually not an "up to" amount noted, so this is an open filing that will be on the shelf if it chooses.  No underwriters for such offering(s) were designated either.

It lists that it will be able to sell Debt, Preferred shares, common stock, warrants, purchase contracts, and units as the securities that can be sold.  These are actually quite common, although shelf registrations frequently are more specific.

The use of proceeds is also a cookie cutter statement as they are for general corporate purposes, which could include working capital, capital expenditures, acquisitions, refinancing other debt or other capital transactions. This was listed as one of Jim Cramer’s "picks for 5-years out" in previous coverage.

Jon C. Ogg
March 12, 2008

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.