Hi viewers/ candidates/ students here is Latest information related with king pharmaceuticals Pfizer agreed on to buy. As per sources king pharmaceuticals Pfizer agreed on to buy. Pfizer agreed to buy King Pharmaceuticals, a maker of pain medications, for $3.6 billion in cash, on Tuesday 2010-10-12 in the drug maker’s first major deal since its blockbuster purchase of Wyeth last year.
Under the terms of the agreement, Pfizer will begin a tender offer in which it will pay $14.25 a share in cash, a 40 percent premium to King’s Monday closing stock price.
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