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Stock impact report

Pfizer Set to Raise $3.3 Billion in Final Haleon Stake Sale [Yahoo! Finance Canada]

Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) 
Most Read from Bloomberg The pharmaceutical giant is offering about 618 million shares through a placement with investors, according to terms seen by Bloomberg. The shares are likely to price at £3.85 apiece — a 1.6% discount to Haleon's closing price — 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, before erasing the drop. Pfizer has been trimming down its stake in Haleon, most recently raising £2.5 billion through a block trade in January. The New York-based company has said for years that it planned to exit the Haleon stake. Meanwhile, GSK had previously sold down its holdings of Haleon, completing its separation fr Show less Read more
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