Stock market today - Pfizer animal health Zoetis Ipo shares prices : Closing in on its IPO for its animal health unit Zoetis, Pfizer ($PFE) on Thursday reported that it would price shares between $22 and $25 each, potentially raising $2.2 billion when it happens at the end of the month, Bloomberg reports. The company intends to offer 86.1 million shares, a 20% stake, to investors.
Earlier in the day, the deal set off a scramble in the bond market with $30 billion in orders pouring in for a $3.65 billion four-part deal. For tax reasons, the sale starts with an equity-for-debt swap. After the IPO, Pfizer may distribute its remaining equity stake in Zoetis to shareholders, tax-free. Pfizer claims that the unit is the largest animal health and vaccines business in the world with sales in 2012 of $4.2 billion.
The company, the largest drugmaker in the world, has been trimming down under CEO Ian Read. The company has already agreed to sell its nutritionals business to Nestlé
For the latest updates PRESS CTR + D or visit Stock Market news Today
Earlier in the day, the deal set off a scramble in the bond market with $30 billion in orders pouring in for a $3.65 billion four-part deal. For tax reasons, the sale starts with an equity-for-debt swap. After the IPO, Pfizer may distribute its remaining equity stake in Zoetis to shareholders, tax-free. Pfizer claims that the unit is the largest animal health and vaccines business in the world with sales in 2012 of $4.2 billion.
The company, the largest drugmaker in the world, has been trimming down under CEO Ian Read. The company has already agreed to sell its nutritionals business to Nestlé
Related Post:
ipo market. stock
- Silver Spring Networks ipo shares prices opened at $22
- healthcare realty trust ipo common stock prices
- GlobeImmune ipo stock price
- Astro Malaysia Holding ipo stock price range
- Trulia ipo stock price range and symbol
- Japan Airlines IPO Stock release date september 19 2012
- Japan Airlines IPO stock prices range
- Debut Far East Hospitality Trust 8/27/2012
- Far east hospitality trust ipo stock prices
- Hi-Crush Partner ipo stock prices range
- Manchester United IPO stock predictions
- Bloomin' Brands ipo stock price range
- manchester united ipo prospectus
- Globus Medical IPO Stock price range per share
- Manchester United IPO stock Prices
- five below inc ipo shares prices and stock symbol
- Kayak ipo shares price and stock symbol
- Palo Alto Networks ipo stock symbol and shares prices
- Fender ipo stock symbol and shares prices
- Formula One IPO prospectus Singapore next week
- Speciality Restaurants IPO shares prices, prospectus
- Lantronix IPO file prospectus, shares prices
- LINC Logistics IPO shares prices, stock symbol
- Edgen IPO shares prices, stock symbol
No comments:
Post a Comment