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


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%.

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Comments (1)
  • mrdirt
    , contributor
    Comments (762) | Send Message
     
    Unfortunately, 19.5k people to be laidoff.
    15 Oct 2009, 12:24 PM Reply Like
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