That is what a company that cares for it's shareholders would do. I had this stock for 15 years and paid around 33. If not for the dividend I would have sold my shares. Our only hope is that the profits from Zoetis will allow Pfizer to expand and increase their profits. I hope that after all these years that this stock will finally start to take off.
The market value of ZTS per share has already surpassed the market value of PFE per share. What a slap in the face to all loyal PFE common shareholders. Agreed the loyal PFE common shareholders should be getting ZTS shares in a spinoff.
I was a stockholder in McDonald's back in 2006 when they helped develop and market Chipotle Mexican Grill. We all hoped to get shares in the new company in a spin-off too. Instead, MCD did an IPO of Chipotle which opened at $22 and steadily rose over the years to a high of $440. MCD over the same period rose from +/- $35 to $102 before settling back to arround $90. I would rather have had some shares of CMG than any trickle-down value that came to MCD. Now, it looks like PFE is going to freeze out their shareholders too. You're right, Blondie. This is not how a company that cares about its shareholders acts.