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SMALL BUSINESS
Pfizer, Wyeth deal gets clearance in China
AP ONLINE
posted: 133 DAYS 15 HOURS AGO
NEW YORK (AP) — Drug developer Pfizer says Tuesday China's ministry of commerce approved the company's $68 billion buyout of rival Wyeth.
Pfizer will divest certain animal health assets in China, the New York company says.
The buyout deal still needs regulatory approval in the U.S., Canada, and Australia. The companies expect the deal to close during the fourth quarter.
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