(Bloomberg) -- Pfizer Inc. has sold over £3 billion ($3.8 billion) of shares in Haleon Plc, the first step by the UK consumer health company’s biggest...
-- Pfizer Inc. has sold over £3 billion of shares in Haleon Plc, the first step by the UK consumer health company’s biggest shareholder to reduce its 32% stake.Putin Warns Russia Won’t Stop After Predictable Election Win
The pricing of the shares on Tuesday saw the size of the global offer increase from 630 million ordinary shares announced on Monday to more than 790 million. Haleon was formed through a combination of GSK’s and Pfizer’s consumer-health units, with the US drugmaker keeping a stake. The company also makes other products like Sensodyne toothpaste and Panadol pain relief tablets.In recent years, pharma companies have moved to separate their consumer health and generic-drug entities as they narrow their focus to their core business of developing innovative treatments.
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