http://heparin-law.com/blog Wed, 01 Sep 2010 16:41:13 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 http://heparin-law.com/blog/2009/07/wyeth-shareholders-vote-to-be-acquired-by-pfizer.html http://heparin-law.com/blog/2009/07/wyeth-shareholders-vote-to-be-acquired-by-pfizer.html#comments Mon, 20 Jul 2009 07:40:00 +0000 gjohnson http://heparin-law.com/blog/2009/07/wyeth-shareholders-vote-to-be-acquired-by-pfizer.html
Attorney Gordon Johnson
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Date: 7/20/2009 10:15 AM

MADISON, N.J. (AP) — Shareholders of drugmaker Wyeth have voted overwhelmingly to be acquired by industry giant Pfizer Inc.

More than 98 percent of Wyeth stockholders voted to approve the $68 billion acquisition. The deal will solidify Pfizer’s position as the top-selling drug maker in the world.

For Pfizer, it transforms the company overnight from being primarily a maker of the blockbuster pills to a one-stop shop for medical treatments. That’s because Wyeth brings multibillion-dollar products and substantial expertise in researching and manufacturing biologic drugs, vaccines, nonprescription medicines and animal health products.

Wyeth’s shareholders cast their votes while gathered at their annual meeting at the company headquarters in Madison, N.J.

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