Pfizer in News

Publication : Asia Pulse
Provider : Asia Pulse Pte Limited
July 15, 2004

Boards Of India's Phl, Pfizer Approve Merger

MUMBAI, July 15 Asia Pulse - Pfizer Ltd (BSE:PFIZ) and Pharmacia Healthcare Ltd's (PHL) (BSE:PHCL) boards have approved the merger of the two and fixed an exchange ratio of 5 PHL equity shares to 1 of Pfizer.

The face value of PHL and Pfizer equity share is Rs 5 and Rs 10 each respectively, the two companies informed the Bombay Stock Exchange Wednesday.

The scheme of amalgamation was subject to the approval of shareholders and Bombay High Court, they added. (PTI) 15-07 1022