NEWS AND VIEWS FROM THE PHARMACEUTICAL FINE CHEMICAL AND CUSTOM MANUFACTURING SECTOR

Monday 26 January 2009

Pfizer confirms Wyeth bid

The worst kept secret in pharma has been confirmed. Pfizer is to pay $68bn to acquire Wyeth. The deal will be financed through $22.5bn in bank loans combined with stock and cash, of which Pfizer has roughly $26bn.
New York Times

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