“Pfizer Sells $31 Billion of Bonds in Fourth-Largest Deal Ever”
May 17, 2023
“Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter.
The pharmaceutical giant raked in over $85 billion in orders for the eight part investment-grade deal, which will finance its purchase of Seagen Inc. Pfizer and its bankers were forced to modify terms of the deal on the fly Tuesday after the US sued to block a separate multibillion-dollar debt-funded acquisition by Amgen Inc…
Pfizer’s mega bond sale comes as the Federal Trade Commission sued to block Amgen’s $27.8 billion deal to buy Horizon Therapeutics Plc Tuesday, arguing the tie-up would stifle competition for the development of treatments for serious illnesses, Bloomberg reported…”
https://finance.yahoo.com/news/pfizer-kicks-off-jumbo-bond-152918249.html
In my opinion I don’t think Pfizer is a stock you should own. There’s a lot of lawsuits that are going to appear in this companies future. Don’t be caught holding the short end of the stick