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  • Pfizer (PFE) plans to spin off its remaining stake in Zoetis (ZTS) through a tax-free exchange offer in which Pfizer owners can exchange their Pfizer shares for stock in Zoetis owned by Pfizer (got that?). Pfizer has received a waiver of the 180-day lock-up from the book runners of the Zoetis IPO. PFE +2.1%, ZTS -1.2% premarket. (PR[View news story]
    Pfizer Zoetis stock. The exchange offer publication will make you screwy if you finish it or understand it. I did understand the 27 pages of risk factors of Zortis.Right or wrong, I based my decision on that. Too many unknowns. I'll keep what I hold, PFE.
    Jun 14 03:55 PM | Likes Like |Link to Comment
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