Wyeth (WYE) agrees to be acquired by rival Pfizer (PFE) for $68B in cash and stock. Pfizer will...

|About: Wyeth (WYE)|By:, SA News Editor

Wyeth (WYE) agrees to be acquired by rival Pfizer (PFE) for $68B in cash and stock. Pfizer will borrow $22.5B to finance the acquisition and will cut its quarterly dividend to $0.16/share. Premarket: WYE +8.6%.