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JUN 24, 2013 - Yahoo! News

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Pfizer says shareholders snap up remaining Zoetis shares

(Reuters) - Pfizer Inc said on Monday that enough investors had offered to trade their shares of the drugmaker for those in its majority owned Zoetis Inc animal health business, a final step in the spinoff of the unit. The company said it would distribute all Zoetis Class A common stock, representing more than 80 percent of all of the unit's shares, to investors who tendered required shares of Pfizer stock. As a result, Pfizer said it no longer would hold any ownership interest in Zoetis. With Zoetis fully divested, Pfizer said it expected full-year earnings, excluding special items, of ... Read More

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