Zoetis Becomes Fully Independent Company June 24

Zoetis Inc. marked its separation from Pfizer on June 24, its first day as fully independent company.
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Zoetis Inc., the former animal health business of Pfizer Inc., marked its separation from Pfizer on June 24, its first day as fully independent company.

“This is an historic day for Zoetis,” said Zoetis CEO Juan Ramón Alaix. “We are setting off on the next stage in our company’s life—pursuing our own initiatives and strategies as a fully independent company.”

As of today, according to the terms of the exchange offer that commenced on May 22, Pfizer has accepted shares of Pfizer stock in exchange for all of its 400,985,000 shares of Zoetis common stock, according to the preliminary results of its exchange offer announced in a Pfizer press release today. Following Pfizer’s acceptance of shares of Pfizer common stock, Pfizer no longer holds any ownership interest in Zoetis, making Zoetis a fully independent company.

Full details of the preliminary results are available in a separate press release issued this morning by Pfizer and on www.zoetisexchange.com. Final results of the exchange offer will be announced in the coming days

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