Pfizer sells £3B of shares in Haleon [Seeking Alpha]
Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN)
Company Research
Source: Seeking Alpha
The U.S. drugmaker sold around 790.55M Haleon ( HLN ) ordinary shares, of which 594M are ordinary shares sold at a price to the public of £3.08 each. The remaining 196.55M are ordinary shares in the form of American Depositary Shares, sold at $7.85 per ADS. The size of the global offer was increased from the previously announced approximately 630M ordinary shares. Pfizer ( PFE ) will receive all the net proceeds from the offering In addition, Haleon ( HLN ) has agreed to repurchase 102,272,727 ordinary shares from Pfizer ( PFE ) off-market for aggregate consideration of approximately £315M (approximately $400M). This is part of a share purchase deed between the two companies signed in 2023. The purchase price for the share buyback payable by Haleon ( HLN ) to Pfizer ( PFE ) is £3.08 per ordinary share, equal to the offering price per ordinary share in the global offer. The buyback and the stake sale are expected to close on March 21 and Pfizer's shares will be subject to a 90
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High impacting Haleon plc American Depositary Shares (Each representing two Ordinary Shares) news events
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HLN
News
- Haleon's first-quarter revenue misses expectations [Reuters]Reuters
- Haleon to Shut UK Factory and Move Toothpaste-Making to Slovakia [BNN Bloomberg (Canada)]BNN Bloomberg
- Sensodyne-maker Haleon to shut UK manufacturing site, with more than 400 jobs hit [Reuters]Reuters
- Why many top CFOs faced with cost cutting choose to lead by example: ‘It usually starts at home' [Fortune]Fortune
- Haleon names Dawn Allen as CFO [Reuters]Reuters
HLN
Sec Filings
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- HLN's page on the SEC website