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India: Stocks jump on plans for Pfizer, Wyeth merger

 |  November 20, 2013

Following the merger of US-based pharmaceutical company Pfizer with Wyeth in 2009, reports say stocks boomed for the companies’ India-based units after their own merger announcement.

According to reports, India-based Wyeth Ltd. is planning a Board of Directors meeting next month to consider the deal with Pfizer. Analysis said they do not expect major impacts on operations for the companies.

The parent companies of both pharmaceutical firms merged in 2009 in a $68 billion deal.

Full Content: Business Standard

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