Correction to #msg-76373260 re PFE’s animal-health spinoff: PFE expects Zoetis (the spinoff) to be a fully standalone company by Jul 2013; PFE’s sale of a 19.9% stake in Zoetis via an IPO is expected to occur much sooner than Jul 2013.
According to the current plan, the Zoetis IPO will be followed by a tax-free distribution of the remaining 80% to PFE shareholders during mid 2013. Zoetis has 9,000 worldwide employees and does more than $4B in annual sales.
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