Irony of the PFE-WYE merger: It was PFE who blocked WYE’s attempt to merge with Warner Lambert in the late 1990’s by stepping into the fray at the eleventh hour and launching its own hostile bid for WL. (WYE was then known as American Home Products.)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”