Pfizer Inc. (PFE) said its subsidiary, Zoetis Inc., filed a registration statement with the U.S. Securities and Exchange Commission for a potential initial public offering of Class A common stock. The offering is expected to represent an ownership stake of up to 20 percent.
Prior to completion of the offering, which is targeted for the first half of 2013, Pfizer will transfer its animal health business to Zoetis. The number of shares to be offered and the price range for the offering have not yet been determined.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.