June 24 Pfizer Inc said on Monday that
enough Pfizer shareholders offered to trade their shares for
stock in Pfizer's majority owned Zoetis Inc animal
health business to allow Pfizer to complete its spinoff of the
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.