Existing users please login

Forgot Password

    Home / Markets

    Thursday, October 15, 2009

    Pfizer Completes Wyeth Acquisition

    | Respond to Editor | Print

     
    FOXBusiness
       

      Drug makers Pfizer (PFE) and Wyeth (WYE) have completed their $68 billion merger.

      The deal was closed nine months after Pfizer announced the acquisition and one day after the companies got final approval from the Federal Trade Commission and the Canadian Competition Bureau.

      Pfizer needed the deal to diversify its operations as it faces competition from generic products and loss of patents on some of its most popular drugs.

      Nearly 20,000 job cuts are expected as a result of the combination.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.