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Is Pfizer-Wyeth merger aligned with value creation in the pharmaceutical industry?
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Is Pfizer-Wyeth merger aligned with value creation in the pharmaceutical industry?
This empirical research evaluates whether the Pfizer-Wyeth merger created value for
shareholders, trying to assess if the specific case study is in line with the principal pattern of
the industry. In order to achieve these goals, a detailed value creation appraisal is
implemented through market reaction measurement at the announcement dates of acquisition.
Afterward, a statistical regression has been performed determining which factors mainly
affect enterprise’s performance. The conclusion suggests that the deal’s value creation is
aligned with the pharmaceutical industry trend and that company performance is affected by
financing structure, EPS and transaction size.
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Merger and Acquisition Value creation Pfizer Pharmaceutical sector