Guest guest Posted March 31, 2009 Report Share Posted March 31, 2009 SEC Filing: Wyeth CEO to Get $53 Million From Pfizer Deal Wyeth's chief executive is in line to get $53 million in severance payments if the drug maker's pending acquisition by Pfizer is completed, according to a regulatory filing Friday. Wyeth and Pfizer on Jan. 26 announced a stock, cash and debt deal, then worth $68 billion, under which Pfizer is to acquire Wyeth. Regardless of the million-dollar severance, according to the filing, Wyeth initially rejected Pfizer when it came-a-billion dollar courting. To complicate matters, a second unnamed drug company expressed interest in a merger. Quote Link to comment Share on other sites More sharing options...
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