Pfizer Wyeth arbitrage game

Reading Time: < 1 minute Pfizer (NYSE: PFE) agreed to buy Wyeth (NYSE: WYE) on Jan 26 2009 (forbes). Quote Forbes: According to the terms of the deal, each outstanding share of Wyeth will be converted into $33.00 in cash and 0.985 of a share of Pfizer stock, valued at$15.57 per share, based on Pfizer’s current price. Last I checked:… Continue reading Pfizer Wyeth arbitrage game