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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (1139)	11/24/1998 2:37:00 PM
From: Anthony Wong	Respond to of 1722

Merck to Split Stock 2-for-1 in February, First Split Since '92 Bloomberg News November 24, 1998, 1:47 p.m. ET Merck to Split Stock 2-for-1 in February, First Split Since '92 Whitehouse Station, New Jersey, Nov. 24 (Bloomberg) -- Merck & Co., the world's biggest drugmaker, said it will split its stock two-for-one in February, its first split since 1992. Rising U.S. drug sales have led four of Merck's rivals, Schering-Plough Corp., American Home Products Corp., Abbott Laboratories and Warner-Lambert Co., to announce stock splits in the past year. Drugmakers are selling more medicine partly because the U.S. Food and Drug Administration is approving new products more quickly and allows more advertisements on television. Merck, based in Whitehouse Station, New Jersey, said the split will apply to shares held as of Jan. 25. Merck's last split was in 1992, when the stock was split three for one. Merck rose 2 to 158 in afternoon trading. --Kerry Dooley in the Princeton newsroom (609) 279-4016 /mfr