Sunday, January 25, 2009

Pfizer's investment bankers leaked the Wyeth acquisition to push Wyeth board.

I got confirmation from separate source today that Pfizer's investment bankers leaked the deal to WSJ on Friday "to pressure Wyeth to move, since the Wyeth board balked at the price and wanted a larger premium."

I'm also told that the Pink Sheet will be carrying this information.

The boards of Pfizer and Wyeth met today to discuss the combination of the two companies.

The boards also held separate meetings to finalize an agreement and an announcement could be made as early as Monday, according to another source.

Of course, nothing is done until the dotted line is signed.

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