Background of the Companies of Merger and Acquisitions of Corporate Restructuring

Pfizer

          It is an American company dealing in pharmaceutical business. The company was founded in 1849, and since then it has been growing with the passage of time. The company’s headquarter is in New York, and company has more than 90,200 all around the globe. The market cap for Pfizer is $207.7B. The company manufactures biologic medicines as well as vaccines. Different business segments are covered by the company like global vaccines, global pharmaceutical, Consumer healthcare & oncology, and global innovative pharmaceutical. The company has been playing a key role in research and innovation in the pharmaceutical field. That’s why it has been acknowledged by the world, as it was ranked number 80 on the Forbes list of top regarded companies in 2018. When it comes to America’s largest public companies, Pfizer stands at number 15 in this list. It shows that how Pfizer has gained success over the years with its business strategy and planning (Forbes, 2018)

Warner-Lambert

        The company was founded by William R. Warner in 1856, when he started his own drug store. Warner started to focus only on drug manufacturing business named as William R. Warner & Co and left his shop of drugs in 1886. In 1908, the company was bought by Pfeiffer Chemical, which kept its original intact. In 1955, Warner-Lambert Pharmaceutical Company was created by merging the Lambert and Warner’s firms. Then the company continued its business with considerable success and it bought American Chicle Company in 1962. One of the oldest companies like Parke-Davis was acquired by Warner-Lambert in 1970. The journey continued and firs business agreement between Warner-Lambert and Pfizer happened in 1996. And finally the company merged into Pfizer in year 2000 (Pfizer.com, 2018)

Pharmacia

            The roots of this company dates back to 1837, when an Italian pharmacist started a company with the name of Farmitalia Carlo Erba. In 1951, this company made a merger with Kabi Pharmacia, and in 1911 finally the Pharmacia AB was created in Sweden. The company’s roots in United States can be traced back from 1886. During the 19th century, the company kept its move forward and kept growing. In 1995, the merger was made between The Upjohn Company and Pharmacia AB to form a new company with the name of Pharmacia & Upjohn. In year 2000, Searle and Monsanto companies made a merger with Pharmacia & Upjohn, and this merger resulted in the name of Pharmacia Company. Finally, after so many years of changing names and growth periods, the company made a merger with Pfizer in 2003, and became part of one of the leading research based pharmaceutical companies in the world (Pfizer, 2018)

References of Companies of Merger and Acquisitions of Corporate Restructuring

Forbes. 2018. #80 Pfizer. Accessed November 12, 2018. https://www.forbes.com/companies/pfizer/#4a62a75a2d6b.

Gilson, Stuart C. 2001. How To Make Restructuring Work for Your Company. Accessed November 12, 2018. https://hbswk.hbs.edu/item/how-to-make-restructuring-work-for-your-company.

Pfizer. 2018. PHARMACIA MERGER. Accessed November 12, 2018. https://www.pfizer.com/about/history/pfizer_pharmacia.

Pfizer.com. 2018. WARNER LAMBERT. Accessed November 12, 2018. https://www.pfizer.com/about/history/pfizer_warner_lambert.

Udoidem, John O., and Ikechukwu A. Acha. 2012. "Corporate Restructuring through Mergers and Acquisition: Experience from Nigeria." Journal of Economics and Sustainable Development 3 (13): 135-142.