RSS Pfizer Sells GBP 2.50 Bln Of Shares In Haleon

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 RSS Pfizer Sells GBP 2.50 Bln Of Shares In Haleon

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Pfizer Inc. (PFE) announced on Wednesday the divestment of 700 million shares in Haleon Plc (HLN), a prominent British multinational in the consumer healthcare sector. These shares were sold at a price of 357 pence each, roughly equivalent to $4.36 per share. This transaction is anticipated to generate approximately 2.50 billion pounds, or around $3.05 billion.

Following this sale, Pfizer's ownership stake in Haleon will decrease from about 15% to approximately 7.3%. The entirety of the net proceeds from this offering will be directed to Pfizer; Haleon is neither selling nor issuing any of its shares in this transaction. The settlement for this offering is scheduled to be completed on January 17.

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