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Stock impact report

Pfizer cuts Haleon stake in $3.3B share sale [Seeking Alpha]

Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) 
Company Research Source: Seeking Alpha
The offering, which was conducted at £3.80 per share, was raised to 640M from 540M shares after the sale began and its price implied a discount of about 3.3% to HLN's Monday close. The U.S. Big Pharma, which joined its U.K.-based counterpart GSK ( GSK ) in founding Haleon ( HLN ) in 2019, has been trimming its ownership since the Sensodyne toothpaste-maker completed its spinoff from GSK ( GSK ) in 2022. While GSK ( GSK ) sold its remaining Haleon ( HLN ) stake in May, Pfizer ( PFE ) sold $3.5B worth of stock in March after noting last year it would cut its ownership in a "slow and methodical" manner within months. Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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