Pfizer Sells Shares in Haleon, Raising £2.43B in Share Sale
America ı By Rihem Akkouche
0 Comments
Pharmaceutical giant Pfizer Inc. announced on Tuesday that it has reduced its stake in British consumer healthcare company Haleon PLC by selling 640 million shares, raising approximately £2.43 billion ($3.24 billion) in the process. This move further decreases Pfizer's investment in Haleon, which is known for its well-recognized brands like Sensodyne toothpaste and Advil painkillers.
Pfizer Sells Shares In Haleon : Details of the Share Sale
Pfizer sold its Haleon shares at 380 pence per share, reflecting a sizable stake in the company. The sale marks another step in Pfizer’s gradual exit from Haleon, following the company's listing on the FTSE 100 index of the London Stock Exchange and the New York Stock Exchange in July 2022.
Haleon did not participate in the public share sale and will not receive any of the proceeds. However, it has agreed to buy back 60.5 million shares from Pfizer in a separate off-market transaction worth approximately £230 million. This buyback aligns with Haleon’s strategy of returning £500 million to shareholders through share repurchases this year.
Strategic Buyback Initiative
Haleon CEO Brian McNamara commented on the buyback, stating, "Our purchase of shares from Pfizer will successfully deliver on our commitment to return £500 million to shareholders through share buybacks this year." He added that the move was consistent with Haleon’s capital allocation priorities aimed at driving attractive shareholder returns while maintaining a strong balance sheet.
The company plans to cancel around 30 million of the shares it purchased from Pfizer, contributing to its ongoing £500 million share buyback program. The remaining 30.5 million shares will be held in treasury to fulfill employee share plans.
Pfizer Sells Shares In Haleon : Pfizer's Reduced Stake
Following the share sale and buyback, Pfizer’s stake in Haleon will decrease to 15% from 22.6%. The transactions are expected to close on Oct. 3. Earlier this year, Pfizer reduced its holding in Haleon to 24% by selling approximately 630 million shares and participating in a similar buyback deal with Haleon.
The sale of shares this week is part of Pfizer's plan to gradually wind down its stake in Haleon. After the transaction, Pfizer has entered into a 60-day lock-up period during which it will not sell additional Haleon shares.
Advisors on the Deal
A consortium of financial advisers is overseeing the share sale. BofA Securities and Goldman Sachs International are acting as joint global coordinators and bookrunners for the offering. They are joined by Deutsche Numis, HSBC, and RBC Capital Markets as joint bookrunners, while Barclays, BNP Paribas, Mizuho, PNC Capital Markets LLC, and Siebert Williams Shank & Co. LLC are serving as co-managers.
Discussion
No comments yet. Be the first to join the discussion!
FOLLOW US
Recent Posts
Jane Street Emerges from the Shadows as AI Becomes the…
Anne Hathaway, 43, Stuns Fans with Surprise Pregnancy Announcement —…
Banning Secret Hospital “No-Compete” Clauses Could Slash Insurance Premiums by…
10 People Injured in Terrifying Hot Air Balloon Crash in…
Peace Agreement Between US and Iran Outlines Path Toward Regional…
Grammy-Nominated Hitmaker Tay Keith, Producer for Drake, Travis Scott and…
Hollywood Icon’s Daughter and Husband Found Dead in Parked Car…
Don’t Miss It
The Billionaire Tax Compromise That Could Reshape California Politics Forever
By – Tyler BrooksVance Breaks Ranks: US Vice President Tells Israel That War Is Not the Solution
By – Tyler BrooksWhere Did All The Oil Go? A Global Energy Crisis Is Brewing Behind The Scenes
By – Tyler BrooksThe AI Capital Expenditures Supercycle Has Arrived and These 16 Tech Giants Are Ready to Dominate
By – Tyler BrooksHow to Claim Your Federal Student Loan Interest Rate Cut Before the Deadline
By – Tyler BrooksHow AI Has Solidified America as the World’s Unchallenged Technological Gatekeeper
By – Tyler BrooksThe Roswell Deception: How a Routine Weather Balloon Became the World’s Greatest Alien Mystery
By – Tyler BrooksDecoding the Unknown: How the New UAP Science Advisory Council Plans to Finally Reveal the Truth
By – Tyler Brooks
Kelly Warner Law Firm Blames USA…
In what appears as a desperate attempt to defend multiple…
By – USA Herald
Aaron Kelly Law Firm Resorts To…
Attorney Aaron Kelly and his law partner Daniel Warner are…
By – Jeff Watterson
Arizona Bar Opens Investigation on Attorney…
USA Herald recently reported on a developing story involving Attorneys…
By – Paul O'Neal
Why Houston Attorney Dan Cogdell’s Surprise…
In a political landscape often defined by rigid party loyalties…
By – Tyler Brooks
Can an AI Tool Be Your…
Is Your AI Chat History Protected? A Recent Texas Court…
By – Tyler Brooks
Mike Myers Confirms Austin Powers 4…
After years of rumors and speculation it’s official, the spy…
By – Cwamne Howard
Mexico vs South Korea 2026 World…
As the 2026 FIFA World Cup shifts into Matchday 2,…
By – Rachel Moore
Tragic Death of ‘Lilo & Stitch’…
Daveigh Chase, the beloved child actress who voiced Lilo in…
By – Rachel Moore
Gas Prices Finally Drop Below $4…
American drivers are finally catching a break at the pump,…
By – Rihem Akkouche
Gas Prices Finally Drop Below $4…
American drivers are finally catching a break at the pump,…
By – Rihem Akkouche
Scottie Scheffler Chases Elusive Career Grand…
The U.S. Open returns to one of the toughest tests…
By – Rihem Akkouche
Avi Loeb’s New UAP Council Raises…
WHAT’S INSIDE THIS REPORT Avi Loeb has been selected to…
By – Samuel Lopez
Internet’s First Serial Killer Used Early…
The story of Serial Killer John Edward Robinson remains one…
By – Jackie Allen
GTA 6 Pre-Orders Go Live June…
Rockstar Games has finally given millions of impatient fans a…
By – Rihem Akkouche
Trump Administration to Revoke U.S. Citizenship…
The Trump administration is preparing an unprecedented crackdown on naturalized…
By – Rihem Akkouche
The 9-Second Disaster: The Edge of…
The tech industry is learning that AI autonomy can be…
By – Jackie Allen
Southern Poverty Law Center Indictments Linked…
The Southern Poverty Law Center (SPLC), one of the nation’s…
By – Jackie Allen
Anna Kepner Killing: Federal Judge Orders…
The legal proceedings surrounding the cruise ship murder of Anna…
By – Jackie Allen
Russia Shadow Fleet Captain Faces UK…
The captain of a Russian Shadow Fleet tanker intercepted by…
By – Jackie Allen
Body Found Floating in Queens Park…
A Body Found Floating in a pond at a quiet…
By – Jackie Allen
ZCash Security Scare Raises Questions About…
ZCash has found itself at the center of a major…
By – Jackie Allen
ZCash Security Scare Raises Questions About…
ZCash has found itself at the center of a major…
By – Jackie Allen
Oliver Tree Dies at 32 in…
Oliver Tree, the genre-blending singer, songwriter, and internet personality was…
By – Jackie Allen
New York Chaos Erupts After Knicks…
New York Chaos unfolded across the city after the New…
By – Jackie Allen
New York Knicks End 53-Year Championship…
The New York Knicks have finally climbed back to the…
By – Jackie Allen
Paramount and Warner Brothers Merger Approved…
The proposed Paramount and Warner Brothers Merger has cleared a…
By – Jackie Allen
David Geffen Reunites With Ex-Husband Aboard…
David Geffen is making headlines again after being spotted spending…
By – Jackie Allen
The End of PACER Paywalls? Bipartisan…
WHAT’S INSIDE THIS REPORT Senators John Kennedy and Ron Wyden…
By – Samuel LopezWHAT’S INSIDE THIS REPORT Tyra Banks alleges Netflix deceptively edited…
By – Samuel Lopez
Inferno in Boyle Heights: Massive Warehouse…
A massive fire broke out on Wednesday afternoon at a…
By – Tyler Brooks
Media Titans Unite: China Approves $110…
In a monumental development for the global entertainment landscape, Chinese…
By – Tyler Brooks
Florida’s New “Gang Member” Law: Are…
The legal landscape in Florida is undergoing a significant transformation…
By – Tyler Brooks
China’s Academic Purge: 12,000 Degrees Erased…
Why China Is Erasing Thousands of Majors to Fuel an…
By – Tyler Brooks
Nichelle Nichols’ Final Mission Ends in…
By Samuel López | USA Herald The woman who helped…
By – Samuel Lopez
Cannabis Giants Hit with Sweeping Class…
A major class action filed May 4, 2026, accuses five…
By – Samuel Lopez
New Pill Doubles Survival for Pancreatic…
Pancreatic cancer pill doubles life to 13 months By Tyler…
By – Tyler Brooks
FDA warns public as cookie firm…
FDA warns public as cookie firm rejects urgent recall request…
By – Tyler Brooks
Trump orders CDC to slash childhood…
Trump orders CDC to slash childhood vaccines from 17 to…
By – Tyler Brooks
USDA warns Americans over Salmonella in…
USDA warns Americans over Salmonella in meat products By Tylor…
By – Tyler Brooks
Extraterrestrial Kickoff? Viral Psychic Warns of…
Football fans around the globe are currently deep in the…
By – Tyler Brooks
Dana White Declares The Historic UFC…
WASHINGTON D.C. — It was 3:00 a.m. on Monday, and…
By – Tyler Brooks
Pulisic Is Not Training. What Happens…
Mauricio Pochettino pulled Christian Pulisic at halftime of the USMNT’s…
By – Nicolas Carreno
Mexico vs South Africa World Cup…
The 2026 FIFA World Cup is officially underway, but the…
By – Rihem Akkouche
FIFA World Cup 2026: Gianni Infantino…
The countdown to the FIFA World Cup 2026 has transformed…
By – Tyler Brooks
The Halfway House Showdown: Convicted Serial…
Justice. Accountability. Public Safety. For the survivors who faced Darren…
By – Tyler BrooksNo posts found.
No posts found.
