Pfizer’s Animal-Health Unit Zoetis Files Plans for $100 Million IPO

“Pfizer Inc.’s (PFE) animal-health business, Zoetis Inc., filed plans for an estimated initial public offering of up to $100 million in Class A common stock.

Pfizer said the offering is expected to represent an ownership stake of up to 20%.

Pfizer will transfer its animal-health business to Zoetis before the IPO is complete, which is targeted for the first half of 2013.”

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