Speaking now: Pfizer tries to snatch Warner-Lambert from rival AHP; record $82.4 billion bid is aimed at a cash cow and a research bull; letters fall on deaf ears

Authors :: Lipin, Steven
Langreth, Robert
Winslow, Ron
Harris, Gardiner
Source :: Wall Street Journal. Europe. Nov 5, 1999, p1, 2 p.
Publication Year :: 1999
Abstract: Pfizer Inc launched a hostile takeover of Warner-Lambert Inc for $82.4 billion after Warner-Lambert signed a $72 billion merger agreement with American Home Products Corp. Pfizer is interested in increasing its research and development budget as well as Warner-Lambert's drug, Lipitor.

Subjects :: Pfizer Inc. -- Mergers, acquisitions and divestments
Warner-Lambert Co. -- Mergers, acquisitions and divestments
Wyeth -- Mergers, acquisitions and divestments
Pharmaceutical industry -- Mergers, acquisitions and divestments
Banking, finance and accounting industries
Business
Business, international

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