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Pfizer launches hostile bid for Warner-Lambert

17 Feb 2000

Executive Summary

Shortly after Warner-Lambert announced it would merge with American Home Products, Pfizer launched a hostile bid for W-L, offering 2.5 shares of its common stock for each W-L share. Based on Pfizer's 10-day average of $39.35 the offer values Warner-Lambert at $84bn, a premium of (pr)26% to market. This is the largest hostile takeover attempt in history.
Deal Industry
  • Pharmaceuticals
    • OTC, Consumer
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Stock

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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