On Monday, Shares of Pfizer Inc. (NYSE:PFE), included 0.29% and shut at $31.57 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $31.49 and $31.69. The business’ commercial center capitalization is $190.07 Billion with the aggregate fabulous loads of 6.07 billion. Pfizer Inc. (PFE) recently declared that Anthony J. Maddaluna, Executive Vice President and President of Pfizer Global Supply will retire from the company after more than 41 years with Pfizer.
“I have had the privilege of working with Tony during much of his career, and he has been a valuable partner to me,” said Ian Read, chairman and chief executive officer, Pfizer. “Tony has continually demonstrated a steadfast commitment to Pfizer and our mission. His focus on quality, compliance and customer service has established Pfizer Global Supply as an industry leading supply organization that is highly respected by internal and external stakeholders. I know I join all Pfizer colleagues in thanking Tony for his tireless efforts and wishing him and his family all the best as he embarks on the next stage of his life.”
Shares of Energy Transfer Equity LP (NYSE:ETE), added 3.49% and shut at $17.92 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $17.60 and $19.99. The association’s commercial center capitalization is $19.79 Billion with the general uncommon loads of 1.05 billion. Sunoco Logistics Partners L.P. (SXL) and Energy Transfer Partners, L.P. (ETP) recently declared that they have reached a merger agreement providing for the acquisition of ETP by SXL in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts committees of both partnerships and is expected to close in the first quarter of 2017, subject to receipt of ETP unitholder approval and other customary closing conditions.
Under the terms of the transaction, ETP unitholders will receive 1.5 common units of SXL for each common unit of ETP they own. This equates to a 10% premium to the volume weighted average pricing of ETP’s common units for the last 30 trading days right away before the declarement of the transaction.