Pfizer Inc. (PFE: Quote) 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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by RTT Staff Writer
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