Saturday, January 2, 2010

Pfizer buys Wyeth:

World's biggest pharmaceutical firm Pfizer announced the planned merger in January and the European Commission approved the merger on July 17.
Pfizer bought Wyeth, a US rival, for $68 billion valued at $50.19 a share. The deal appears to be the biggest takeover in the global pharmaceutical sector since Pfizer acquired Warner-Lambert Co for $93.4 billion in 2000.
The deal created a pharmaceuticals group with annual sales of about $75 billion.







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