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Don’t Expect The $68 Billion Pfizer-Wyeth Deal To Lift Merger Market
When Pfizer Inc. (PFE) unveiled a $68 billion buyout offer for U.S. rival Wyeth (WYE) last week, it sparked hopes that the deal might re-ignite the moribund merger market. But when the Wall Street dealmakers take a closer look, those flames will likely be doused in cold water.
For those rooting for a revival of buyout activity, the merger of the two companies shows that corporate predators are still on the prowl and adequate financing is still available for some big transactions.
But as Money Morning reported recently as part of its ongoing “Outlook 2009” economic forecasting series, the credit crisis has put…
2Feb2009 | Money Morning | 0 comments | Continued
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