Pfizer in News

Publication : Capital Market News
Provider : Capital Market Publishers Pvt. India Ltd.
July 14, 2004

Pfizer Board approves merger of Pharmacia Healthcare

Merger ratio set at one share of Pfizer for every five shares of Pharmacial Pharma major Pfizer informed BSE that the its boad, at their meeting held on 13 July 2004 has approved the merger of Pharmacia Healthcare with the company. The exchange ratio is set at 5 equity shares of Rs 5 each of Pharmacia Healthcare with 1 equity share of Rs 10 each of Pfizer. The merger is subject to the approval of the shareholders and High court of Judicature, Bombay.