Credit Update: Pfizer, Inc. - Credit Update - 2009/05/08 - Fitch Research

Report title: Credit Update: Pfizer, Inc.

from Fitch Research
2 page (1492 word) report published May 08, 2009

Price $165.00 available for immediate download

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...In January, Fitch Ratings downgraded Pfizer, Inc.'s (Pfizer) ratings following the announcement of its intention to purchase Wyeth for $50.19 per share or approximately $68 billion, including Wyeth stock options. The purchase is expected to be financed by one-third of Pfizer's equity and the remainder in cash. Pfizer has already issued $13.5 billion of long-term debt out of a planned $22.5 billion of total debt financing for the transaction. The deal is expected to close in the third or fourth quarter of 2009. + ...

Report Type:

Credit Update

Company(ies):

Pfizer Inc.

Ticker(s):

PFE

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