Pfizer stockholders can elect to receive cash instead of stock

terrace rcmp news release oct 30th

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n95 mask And European Union; approvals from both Pfizer and Allergan shareholders; and the completion of Allergan’s pending divestiture of its generics business to Teva Pharmaceuticals, which Allergan said today it expects will close in the first quarter of 2016.At $363.63 per Allergan share, Pfizer’s acquisition represents a more than 30% premium based on Pfizer’s and Allergan’s share prices as of October 28. Allergan shareholders will receive 11.3 shares of the combined company for each Allergan share they own medical face mask, while Pfizer stockholders will receive one share of the combined company for each share of Pfizer stock medical face mask, which closed Friday at $32.18.Pfizer said the merger is expected to be neutral to its adjusted diluted earnings per share in 2017, will add to EPS starting in 2018, rising in 2019 to 10% and to the high teens in 2020.Pfizer stockholders can elect to receive cash instead of stock of the combined company for some or all of their Pfizer shares medical face mask, as long as the aggregate amount of cash to be paid in the merger will be between $6 billion and $12 billion. If the aggregate cash to be paid out is less than $6 billion or greater than $12 billion medical face mask medical face mask, then the stock and cash elections will be subject to proration, the companies said.Assuming that all $12 billion of cash is paid in the merger, Pfizer and Allergan said, it is expected that former Pfizer stockholders will hold approximately 56% of the combined company and Allergan shareholders will own approximately 44% of the combined company on a fully diluted basis.The combined company is also expected to continue Pfizer’s payout of approximately 50% of adjusted diluted earnings per share as dividends. n95 mask

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