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DewDiligence

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DewDiligence

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Re: genisi post# 159794

Friday, 04/12/2013 7:36:20 AM

Friday, April 12, 2013 7:36:20 AM

Post# of 257391
Bingo! Inasmuch as PFE will likely offer PFE shareholders the option to exchange their PFE shares for ZTS shares*, and the exchange ratio will be dictated in large part by the share prices at the time of the offer, a higher share price for PFE will cause more quasi-dilution for ZTS when the exchange is consummated.

*As BMY did with MNJ.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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