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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: Henry Niman who wrote (558)	2/27/1998 9:58:00 AM
From: xclently	Respond to of 9523

After this new release, I am wondering if anyone has insight or speculation over what companies might be interested in acquiring the MTG companies............................."NEW YORK, Feb. 26 Pfizer Inc (NYSE: PFE - news) today announced that it is exploring strategic options for the company's Medical Technology Group (MTG). The company said the options include the divestiture of all or part of the businesses in a public or private transaction. Pfizer's three Medical Technology Group businesses are Howmedica, a global leader in orthopedic technologies; Schneider Worldwide, recognized for its innovations in interventional cardiology and radiology; and American Medical Systems, an industry leader in urological implants for the treatment of erectile dysfunction and urinary incontinence....." (Full story link: Pfizer to undertake review...) biz.yahoo.com and in a later release"A company spokesman said the company has yet to enter into any acquisition talks with potential buyers." (Full story link: Pfizer mulls sale of medical tech. group) biz.yahoo.com And still later: "Wall Street analysts Thursday endorsed Pfizer Inc's (PFE - news) decision to put on the auction block three remaining medical device units whose lackluster sales and poor margins have been a drag on company earnings." (Full story link:Analyists support sale...) biz.yahoo.com For PFE recent news index:http://biz.yahoo.com/n/p/pfe.html (Includes these stories plus other recent news) What should this do for PFE, and why would they decide to take this action at this point in time? What is the companies history of making this sort of announcement; do it always result in a sale? (I.E. Coty, Valleylab) Any other insights are appreciated.... Thanks, Peter