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Stock impact report

Pfizer to Exit ViiV Healthcare as GSK and Shionogi Reshape Ownership [Yahoo! Finance]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Reuters reported on January 20 that Britain's GSK and Japan's Shionogi said Pfizer Inc. (NYSE:PFE) will exit their HIV-focused joint venture, ViiV Healthcare. The transaction values Pfizer's exit at about $1.9 billion and sharply increases Shionogi's stake in the business. Under the deal, Shionogi will pay $2.13 billion for newly issued shares, lifting its ownership in ViiV Healthcare to 21.7% from 10%. GSK will continue to control the company, keeping its 78.3% majority stake. Pfizer will receive $1.88 billion for its 11.7% holding. GSK, meanwhile, will receive a $250 million special dividend as ViiV cancels Pfizer's shares. GSK originally formed ViiV Healthcare with Pfizer in 2009, with Shionogi joining the venture in 2012. The companies said the deal is subject to regulatory approvals and is expected to close in the first quarter of 2026. Pfizer's exit comes as the company braces for a more difficult stretch. In December, it warned that the years ahead could be bumpy, starti Show less Read more
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