September 2009: Pfizer’s Acquisition of Wyeth
Stock: Wyeth
Symbol: WYE
Buyout Terms: Pfizer is paying $33.00 cash plus 0.985 shares of stock (currently $16.23) for each WYE share
Est. Closing Date: December 31st
Today’s date: September 9th
Today’s price: $47.64
Projections:
$/% Gain: $1.35/2.83%
Time frame: < 4 months
Annualized return: +9.1%