Hello Fools,

Today Baxter International Inc. announced plans to spin off its cardiovascular business to Baxter shareholders on a tax-free basis; Baxter expects that shares of the new cardiovascular company will be distributed to its shareholders in a tax-free distribution in the first six months of next year

To see the press release click on the "Quote" box near the top of this page, scroll to "News" then hit the "GO" button.

Fool on,

TMF Spirit