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Pfizer Inc Announces Final Results Of Zoetis Inc's Exchange Offer

Thursday, 27 Jun 2013 08:44am EDT 

Pfizer Inc announced that the final results of offer to shareholders to exchange all, some or none of their shares of Pfizer common stock for shares of Zoetis Inc. common stock owned by Pfizer. The exchange offer expired at 12:00 midnight, New York City time, on June 21, 2013. Under the terms of the exchange offer, 0.9898 shares of Zoetis common stock were exchanged for each share of Pfizer common stock accepted in the exchange offer. Pfizer accepted 405,117,195 shares of common stock in exchange for the 400,985,000 shares of Zoetis common stock owned by Pfizer. Because the exchange offer was oversubscribed, Pfizer accepted tendered shares of Pfizer common stock on a pro rata basis in proportion to the total number of shares tendered. Shareholders who owned fewer than 100 shares of Pfizer common stock, or an odd-lot, who validly tendered all of their shares, were not subject to proration if they requested such preferential treatment in accordance with the terms of the exchange offer. J.P. Morgan Securities LLC, BofA Merrill Lynch, Goldman Sachs & Co. and Morgan Stanley served as the dealer managers for the exchange offer. 

Company Quote

-0.54 -1.48%
26 Nov 2014