Seeking Alpha

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%.
Comments (1)
  • Unfortunately, 19.5k people to be laidoff.
    15 Oct 2009, 12:24 PM Reply Like
DJIA (DIA) S&P 500 (SPY)