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Reuters: Pfizer to buy Wyeth for $68 billion

Started by chris, January 26, 2009, 09:59:12 PM

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chris

Pfizer to buy Wyeth for $68 billion
      


PHILADELPHIA/NEW YORK (Reuters) - Pfizer Inc said Monday it will acquire rival U.S. drugmaker Wyeth for $68 billion to soften the blow of losing its biggest product to generic competition, but a dividend cut and large debt financing concerned investors.<div class="feedflare">
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