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Mergers & Acquisitions

Dec. 5, 2009

Pfizer Wins Complaint Dismissal

A San Francisco federal judge again has rejected plaintiffs' arguments that New York-based Pfizer's $68 billion acquisition of Wyeth will decrease competition in the pharmaceutical drug market.

By Rebecca Beyer
Daily Journal Staff Writer

A San Francisco federal judge again has rejected plaintiffs' arguments that New York-based Pfizer's $68 billion acquisition of Wyeth will decrease competition in the pharmaceutical drug market. U.S. Senior District Judge Maxine M. Chesney on Wednesday dismissed the first amended complaint against the companies, finding it failed to allege how the merger would negatively affect specific products. Chesney dismissed the or...

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