A diary of the thought process behind my investment decisions
Pfizer/Wyeth To Close Tomorrow
Pfizer expects to close its deal to buy Wyeth tomorrow. The implication for the broader market is that there should be large buy orders at the close tomorrow as indexers will deploy their part of the $44 billion Pfizer is giving to Wyeth shareholders. Healthcare funds will likely receive a large part of the Wyeth money and are likely to deploy the money in other healthcare names.