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dav1234

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dav1234

Re: DewDiligence post# 160553

Wednesday, 05/22/2013 8:24:20 AM

Wednesday, May 22, 2013 8:24:20 AM

Post# of 257257
Pfizer (PFE) plans to spin off its remaining stake in Zoetis (ZTS) through a tax-free exchange offer in which Pfizer owners can exchange their Pfizer shares for stock in Zoetis owned by Pfizer (got that?). Pfizer has received a waiver of the 180-day lock-up from the book runners of the Zoetis IPO. PFE +2.1%, ZTS -1.2% premarket.

http://seekingalpha.com/news-article/6625001-pfizer-announces-plan-for-split-off-of-zoetis
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