Pfizer to sell shares of Haleon, reducing its stake and raising funds for core businesses.

Pfizer plans to sell about 700 million shares of Haleon, the company known for Sensodyne toothpaste, reducing its stake from around 15.7% to about 7.3%. This move is expected to raise significant funds for Pfizer, helping it invest in core businesses and research. The shares will be sold through an accelerated book-building process led by Morgan Stanley and JPMorgan Chase & Co.

2 months ago
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