Pharmacia Corp shareholders at a special meeting approved its proposed merger with Pfizer Inc.
About 71% of outstanding shares, and 99% of the total votes cast, were in favour of the transaction, Pharmacia revealed while, ".. the companies continue to make progress in obtaining other approvals necessary to complete the transaction in the first quarter of 2003."
The positive vote by Pharmacia shareholders follows a meeting of Pfizer shareholders on Friday Dec 6 when more than 96 percent of the votes were cast in favour of the merger and to increase the issued share capital.
Keywords : Pharmacia Pfizer Merger & Acquisition Shareholder approval
