Pfizer (PFE) Enters Agreement for $5B Accelerated Share Repurchase
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Pfizer Commences $5 Billion Accelerated Share Repurchase
February 3, 2017 8:10 AM UTCAccelerated 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
