The exchange ratio will be established based on market prices for the 3-day period from 6/17/13 to 6/19/13. PFE shareholders who elect to swap will get a 7% discount on their ZTS shares.
I’m bullish on both companies, but the 7% discount on ZTS may be too tempting to ignore.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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