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Tuesday, 01/28/2020 10:40:09 AM

Tuesday, January 28, 2020 10:40:09 AM

Post# of 426269
Pfizer to spinoff, merge off-patent drugs unit with Mylan. Upjohn will issue $12 billion of debt at or before the separation, with proceeds going to Pfizer.

https://www.reuters.com/article/us-mylan-pfizer/pfizer-to-spinoff-merge-off-patent-drugs-unit-with-mylan-idUSKCN1UO185

We know PFE don't plan to use the extra $12B for stock buyback in 2020.
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