Pfizer (PFE) Enters Agreement for $5B Accelerated Share Repurchase
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall Street rallies as Fed's Waller eases rate hike fears
- Fed’s Waller open to September rate hold - if disinflation holds up
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Nvidia to acquire AI platform Hugging Face in landmark $12.9B deal
- Tesla to unveil Cybercab Texas today, details are few
Pfizer Commences $5 Billion Accelerated Share Repurchase
February 3, 2017 8:10 AM ESTAccelerated Share Repurchase Assumed in Pfizers 2017 Financial Guidance Issued on January 31, 2017
NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. (NYSE: PFE) today announced that it has entered into an accelerated share repurchase agreement with Citibank N.A. (Citibank) to repurchase $5 billion of Pfizers common stock. This agreement is part of Pfizers existing share repurchase authorization.
Approximately 126 million of the shares to be repurchased under the transaction will be received by Pfizer on February 6, 2017. At settlement of the agreement, which is expected to occur during or prior to the... More
