Pfizer Decides Not to Split Business

Shares of Pfizer were lower Monday after saying it will no longer pursue its plan to split into two publicly traded companies.
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Shares of Pfizer (PFE) - Get Report were lower Monday after saying it will no longer pursue its plan to split into two publicly traded companies. The pharmaceutical company had decided to spin off into two companies, Pfizer Innovative Health and Pfizer Essential Health. But, after evaluating each unit's performance and their ability to compete as stand-alone companies and whether any additional value could be unlocked, Pfizer decided to keep its current structure. The company noted that the decision to remain a single company will not impact its 2016 forecast.

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