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Pfizer Agrees to Pay $68 Billion for Rival Wyeth

Jan. 26, 2009
The deal creating a pharmaceutical behemoth is the first big merger backed by Wall Street in months.
Related Stories from UPI.com

Pfizer, Wyeth agree to deal

NEW YORK, Jan. 26 (UPI) -- Drugmaker Pfizer announced Monday it had reached a $68 billion cash-and-stock agreement to merge with U.S. rival Wyeth.

Report: Pfizer in talks to buy Wyeth

NEW YORK, Jan. 23 (UPI) -- U.S. drug maker Pfizer Inc. is in talks with Wyeth about a possible purchase of the pharmaceutical rival, sources said.

Wyeth may cut work force by 10 percent

MADISON, N.J., Jan. 25 (UPI) -- New Jersey-based drug maker Wyeth confirmed Friday it may cut its work force by about 10 percent over the next three years, a report said Friday.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler