Multinational Acquisition
Introduction
On October 2009, Pfizer completed its acquisition process with Wyeth Company (ltd). The company of Pfizer agreed to acquire one of its main rivals Wyeth, on agreement of $68 billion. Pfizer was at the time, the largest drug producer in the whole world. The company received regulatory approval from concerned government authorities as well as from all shareholders of Wyeth. According to acquisition transaction terms, all shares of stock outstanding belonging to Wyeth were converted to Pfizers common stock. A total of $33 was converted in cash without any form of interest.
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