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>> PFIZER Latest News

NOV 23, 2013 - Yahoo! News

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Indian units of Pfizer and Wyeth to merge

, is to take over local affiliate Wyeth Ltd Shareholders of Wyeth will get seven Pfizer Ltd shares for every 10 shares held, requiring the issue of approximately 15.9 million new Wyeth shares, it said. Wyeth Ltd has a market capitalization of about $294 million and is already owned 51.12 percent by Pfizer Inc, which in turn owns 63.57 percent of Pfizer Ltd, which has a market capitalization of $681 million.

Tags: Indian units of Pfizer and Wyeth to merge,  Pfizer Latest News