Mar. 18 at 6:20 PM
$PFE just another day with Pfizer - 662M shares of
$HLN being sold as previously announced with HLN buying back 220M$ worth of the position. Company continues to shed non-core assets, add cash, reduce debt - while expanding product lines and revenue.... nothing to see here..
Pfizer to sell entire Haleon stake
REUTERS
Mar-18-2025 1:19 p.m. ET
March 18 (Reuters) - Pfizer (PFE) will sell its remaining stake in British consumer healthcare group Haleon (HLN), the companies said on Tuesday.
Pfizer (PFE) will sell about 662 million ordinary shares, or 7.3%, of Haleon (HLN), created in a merger of GSK and Pfizer's (PFE) consumer healthcare businesses in 2019, and spun off in 2022.
Under the deal, the Sensodyne maker has agreed to buy back shares worth
$220 million from Pfizer (PFE), currently its largest shareholder.
GSK, which initially owned nearly 13% of the firm, sold its entire stake in May 2024.
