Pfizer did keep its focus on growing as one of the leading pharmaceutical companies on global scale, and this urge also kept them looking for new opportunities in the industry. A company can look to acquire other small companies to increase their product range, get more resources as well as find new distinguished position in the market. The cost saving could be another reason for Pfizer to look for these mergers as resources gathered at one place with more productivity can certainly decrease costs. The increase in profitability also remains to be an important factor for every company, which looks to do corporate restructuring through mergers and acquisitions. However, it is always depend on the market situation and the circumstances, which forces companies to merge with others. For one company, a merger may be a great opportunity, but for the second company, it may be a reason to survive from any big loss like getting bankrupt (SINHA, 2012).

            Pfizer was already one of the leading companies in the global pharmaceutical industry after buying Warner Lambert, and now their urge to acquire Pharmacia Corporation is going to make them even bigger in the pharmaceutical market. Pharmacia Corporation was dealing with some issues, so it was looking to get merged with any big giant of the business, and this is the moment when Pfizer stepped in, and Pfizer purchased Pharmacia Corporation in 2003. The company made this merger with the deal closing at $60 billion, giving more solidity to Pfizer as strongest player in the market. Before this merger, the global pharmaceutical market share for Pfizer was at 8%, and with this merger, they will be capturing 11% of the market share. The annual increase in their income will jump from $32 billion to a level of $46 billion. It would allow Pfizer to challenge the strong position of GlaxoSmithKline PLC, the world’s largest drug company. The company is going to gain so much with this merger and it would also allow them to capture the attention of other small companies struggling with their survival. The Pfizer and Pharmacia Corporation merger is going to change the course of global pharmaceutical business. The merger has been an important one to set the roadmap for Pfizer t become a huge success in the global pharmaceutical market (Casalmir & Rhee, 2003)

References of Facts & Reasons for the Merger of Pfizer and Pharmacia of Corporate Restructuring

Casalmir, June, and Bernard Rhee. 2003. Pfizer/Pharmacia Merger: The Biggest Just Got Bigger. Accessed November 12, 2018. https://corporate.findlaw.com/litigation-disputes/pfizer-pharmacia-merger-the-biggest-just-got-bigger.html.

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.

McCullagh, Melanie. 2000. Emerging from the Merger: Warner-Lambert and Pfizer. Accessed November 12, 2018. https://www.pharmaceuticalonline.com/doc/emerging-from-the-merger-warner-lambert-and-p-0001.

PETERSEN, MELODY. 2000. Pfizer Gets Its Deal to Buy Warner-Lambert for $90.2 Billion. Accessed November 12, 2018. https://www.nytimes.com/2000/02/08/business/pfizer-gets-its-deal-to-buy-warner-lambert-for-90.2-billion.html.

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.

SINHA, GOKUL. 2012. FINANCIAL STATEMENT ANALYSIS . PHI Learning Pvt. Ltd.

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.