Wyeth rallies on amalgamation with Pfizer
The stock has rallied 18% to Rs 765 on the National Stock Exchange.
Wyeth has rallied 18% to Rs 765 on NSE after the pharmaceutical company announced the amalgamation of the company with Pfizer.
The board of directors of the company will meet on November 23, 2013, to consider a scheme of amalgamation of the company with Pfizer, Wyeth said in a regulatory filing.
The board will also consider the interim dividend, it added.
The stock opened at Rs 726 and touched high of Rs 768 on NSE. A combined around 68,000 shares have changed hands on the counter in early morning deals on NSE and BSE.
Shares of Pfizer were up 2.2% at Rs 1,375 on NSE. The stock opened at Rs 1,361 and touched high of Rs 1,391, also its 52-week high on NSE.
The board of directors of the company will meet on November 23, 2013, to consider a scheme of amalgamation of the company with Pfizer, Wyeth said in a regulatory filing.
The board will also consider the interim dividend, it added.
The stock opened at Rs 726 and touched high of Rs 768 on NSE. A combined around 68,000 shares have changed hands on the counter in early morning deals on NSE and BSE.
Shares of Pfizer were up 2.2% at Rs 1,375 on NSE. The stock opened at Rs 1,361 and touched high of Rs 1,391, also its 52-week high on NSE.