It looks like the purchase is ready to go and from reports on the internet over the weekend, there was a rush to have the inking done before the opening on Wall Street Monday morning. Scott Hensley of the Wall Street Journal Health Blog is scheduled to report first thing tomorrow am on Fox News for all the official information. You can also view the video on the subject done a couple days ago with Scott discussing the anticipated changes/benefits.
The banks do not appear to have issues with loaning money on this move at present, some are the same ones who received bail outs that are involved in the loan. The Wyeth CEO is anticipating to leave and we all know what happens with mergers and consolidation efforts, more jobs lost, which happens even in good times. Pfizer and Wyeth both have very significant offshore subsidiaries that hold a substantial amount of cash, one thing Pfizer has quite a bit of, cash. BD
Looks like Wyeth will become the latest drugmaker to be swallowed by Pfizer.
The WSJ reports that Pfizer has lined up $22.5 billion in financing to support a $68 billion buyout of Wyeth that could be announced before the market opens Monday.
The Journal, the New York Times and Bloomberg report the money would come from four banks receiving federal bailout money (Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America) and Barclays.
If the price holds, the Wyeth deal would edge out the $60 billionish takeout of Aventis that created Sanofi-Aventis in 2004 to make Pfizer’s latest purchase the largest in the industry since the end of 2000, when Glaxo bought SmithKlineBeecham for about $76 billion.
Health Blog : Pfizer Closes In on Wyeth Deal at $68 Billion
You Bail Them Out, We Opt Out. We Want Some TARPReplyDelete
Dear, I should say Expensive Chairman Ben S. Bernanke,
All of Our Economic Problems Find They Root in the Existence of Credit.
Out of the $5,000,000,000,000 bail out money for the banks, that is $1,000 for every inhabitant of this planet, what is it exactly that WE, The People, got?
If my bank doesn't pay back its credits, how come I still must pay mines?
If my bank gets 0% Loans, how come I don't?
At the same time, everyday, some of us are losing our home or even our jobs.
Credit discriminates against people of lower economic classes, as such it is unconstitutional, isn't it? It is an supra national stealth weapon of class struggle.
Credit is a predatory practice. When the predator finishes up the preys he starves to death. What did you expect?
Where are you exactly in that food chain?
Credit gets in the way of All the Principles of Equal Opportunity and Free Market.
Credit is a Stealth Weapon of Mass Destruction.
Credit is Mathematically Inept, Morally Unacceptable.
You Bail Them Out, We Opt Out
President Bush Proposed the TARP, Senator Obama Voted It.
We Want Some TARP.
Opting Out Is Both Free and Strictly Anonymous.
My Solution: The Credit Free, Free Market Economy.
Is Both Dynamic on the Short Run & Stable on the Long Run, The Only Available Short Run Solution.
I Am, Hence, Leading The Exit Out of Credit:
Let me Outline for You my Proposed Strategy:
✔ My Prescription to Preserve Our Belongings.
✔ Our Property Title: Our Free, Strictly Anonymous Right to Opt Out of Credit.
✔ Our Credit Free Money: The Dinar-Shekel AKA The DaSh, Symbol: - .
✔ Asset Transfer - Our Right Grant Operation - Our Wealth Multiplier - Our Liquidity TARP.
✔ A Specific Application of Employment, Interest and Money.
[A Tract Intended For my Fellows Economists].
If Risk Free Interest Rates Are at 0.00% Doesn't That Mean That Credit is Worthless Already?
Since credit based currencies are managed by setting short-term interest rates, on which you have lost all control, can we still say that are managing?
We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.
In This Age of Turbulence The People Wants an Exit Out of Credit: An Adventure in a New World Economic Order.
The only other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.
It will be either awfully deadly or dramatically long.
A price none of us can afford to pay.
“The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.”
- Henry A. Kissinger
Until We Succeed the Economy Will Necessarily Keep Sinking Into a Deeper and Deeper Depression
You Bail Them Out, Let's Opt Out!
Check Out How Many of Us Are Already on Their Way to Opt Out of Credit.
If You Don't Opt Out Now, Then When Will You?
Let me provide you with a link to my press release for my open letter to you:
Chairman Ben S. Bernanke, Quantitative [Ooops! I Meant Credit] Easing Can't Work!
I am, Mr Chairman, Yours Sincerely [As if I really had the choice.],
Shalom P. Hamou AKA 'MC-Shalom'
Chief Economist - Master Conductor
1 7 7 6 - Annuit Cœptis
Tel: +972 54 441-7640
Fax: +972 3 741-0824