Pfizer must sell animal health business to make Wyeth merger legal
Global pharmaceutical behemoth Pfizer will have to sell part of its animal health business before it can complete its acquisition of US drug major Wyeth (Marketletters passim) in order to comply with antitrust laws. Pfizer says it does not believe that the divestment will make a major impact on revenue, but Zacks analysts noted that the business sector had posted annual sales growth of 12%, compared to 1.4% for the company as a whole. They stated that the firm's animal health division may be "one of the company's only bright spots."
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