Monday, January 26, 2009

Pfizer to Acquire Wyeth

NEW YORK & MADISON, N.J.--(HSMN NewsFeed)--Pfizer (NYSE: PFE ) and Wyeth (NYSE: WYE ) today announced that they have entered into a definitive merger agreement under which Pfizer will acquire Wyeth in a cash-and-stock transaction currently valued at $50.19 per share, or a total of approximately $68 billion. The Boards of Directors of both companies have approved the combination.

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