Reuters: Global Markets: Pfizer says shareholders snap up remaining Zoetis shares

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Pfizer says shareholders snap up remaining Zoetis shares Jun 24th 2013, 13:38 Tweet Share this Email Print Related News Coty fails to charm investors in market debut Thu, Jun 13 2013 Teva, Sun Pharma to pay $2.15 billion to settle Pfizer patent suit Wed, Jun 12 2013 Related Topics Hot Stocks » Asian Markets » A woman walks past the Pfizer Inc. headquarters in New York, January 31, 2013. Credit: Reuters/Brendan McDermid Mon Jun 24, 2013 9:38am EDT (Reuters) - Pfizer Inc (PFE.N) said on Monday that enough Pfizer shareholders offered to trade their shares for stock in Pfizer's majority owned Zoetis Inc (ZTS.N) animal health business to allow Pfizer to complete its spinoff of the unit. Pfizer said all its Class A Zoetis common stock will be distributed to Pfizer shareholders who validly tendered required shares of Pfizer stock, and as a result Pfizer no longer will hold any ownership interest in Zoetis. The drugmaker said it continues to expect the separation of Zoetis to boost Pfizer's earnings in 2014. (Reporting by Ransdell Pierson; Editing by Gerald E. McCormick) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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