NEW YORK ( TheStreet) -- Pfizer (PFE - Get Report) may have led some investors to the exits on Thursday when the giant pharmaceutical company made official the divestiture plans for its animal health and nutrition businesses.Shares reacted negatively to news that everyone on Wall Street had already taken for granted: It's considering strategic alternatives for its animal health and nutrition businesses, that could include a spinoff or asset sale.
Pfizer's Spin on Spinoffs a Turnoff
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