Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,606.49
(
-0.27%
)
US TECH 100
23,588.40
(
-0.56%
)
Dow Jones
46,021.43
(
-0.44%
)
Brent Oil
106.43
(
1.91%
)
Bitcoin
70,562.00
(
0.95%
)
News Focus
News Focus
Post# of 257262
Next 10
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 843
Posts 122802
Boards Moderated 10
Alias Born 09/05/2002

DewDiligence

Member Level

Re: jq1234 post# 162998

Thursday, 06/27/2013 3:19:25 PM

Thursday, June 27, 2013 3:19:25 PM

Post# of 257262
This is PFE’s Form-4 filing for “disposing” of 401M shares of ZTS via the recent exchange offer:

http://www.sec.gov/Archives/edgar/data/78003/000007800313000014/xslF345X03/primary_doc.xml

Technically, the transaction had two steps: i) conversion of ZTS Class-B (super-voting rights) shares held by PFE into ZTS Class-A shares; and ii) “disposal” of 401M ZTS Class-A shares in the exchange for PFE's own shares.

ZTS now has only one class of shares and PFE has no equity stake whatsoever.

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

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now