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Stock impact report

Pfizer to Exit Sensodyne-Maker Haleon With Final Stake Sale [Yahoo! Finance]

Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress NYC Plans for Flood Protection Without Federal Funds The pharmaceutical giant is offering about 618 million shares through a placement with investors, according to terms seen by Bloomberg. The transaction could raise up to about £2.4 billion ($3.1 billion), based on price guidance of 383 pence to 385 pence per share, with investor demand exceeding the size of the offering by multiple times, the terms showed. Pfizer will also sell around £170 million worth of shares back to Haleon in an off-market share repurchase transaction. Haleon was formed in 2022 from a combination of GSK Plc and Pfizer's consumer-health units. American depositary receipts for the consumer health company fell as much as 2.9% on the stake sale news, befo Show less Read more
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