Shares of Pfizer were lower Monday after saying it will no longer pursue its plan to split into two publicly traded companies. The pharmaceutical company had decided to spin off into two companies, Pfizer Innovative Health and Pfizer Essential Health. But, after evaluating each unit’s performance and their ability to compete as stand-alone companies and whether any additional value could be unlocked, Pfizer decided to keep its current structure. The company noted that the decision to remain a single company will not impact its 2016 forecast.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
