American Home Products, Pfizer, Warner-Lambert deal

AHP and Warner-Lambert announced a definitive agreement to merge, forming AmericanWarner Inc. Warner-Lambert shareholders would receive 1.4919 shares of AmericanWarner for each Warner-Lambert share, and AHP shareholders would receive AmericanWarner shares on a one-for-one basis. Each shareholder group would own 50 percent of AmericanWarner, which is expected to have a market cap of $145 billion and pro forma sales of $26 billion. ...