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January 23, 2009

Pfizer + Wyeth?

NEW YORK (MarketWatch) -- Pfizer Inc. is negotiating to acquire rival drug maker Wyeth in a blockbuster deal potentially worth more than $60 billion that could alter the global drug industry, the Wall Street Journal reported Friday.
News of the possible deal sent shares of Wyeth up 13% in premarket trading Friday, while shares of Pfizer slipped about 2.7%.

Positions: Long Wyeth & Pfizer

Posted at 09:26 AM |

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