Subject: Baxter International Spinoff
Date: Published: 11/27/92 (21 lines)
Source: Wall Street Journal. Copyright Dow Jones & Co. Inc.

    Baxter International Spinoff

    DEERFIELD, Ill.  -- Baxter International Inc. said it received
 clearance to distribute a dividend of one share of Caremark
 International for each four shares of Baxter common.
    Baxter needed a ruling from the Internal Revenue Service that the
 distribution is tax-free.  The ruling allows it to distribute the
 dividend on Nov. 30 to stock of record on that date.
    Baxter's board in June approved the spinoff of the Caremark
 operation.  Caremark provides products and services for home health
 care, infusion therapy, AIDS care, women's health care, physical
 therapy and prescription services.

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