What is PFE float?? Based on Yahoo, it is 7.09 billion shares. Is this number after the ZTS share swap or before?? Anybody knows?
Based on the stock swap scheme, PFE was going to swap 850 million shares, and this should reduce the float by 0.85 billion and the new total float should be 6.24 billion shares outstanding. This number should further decrease by share buy back announced -- $3.9 billion stock buy back plan to be completed by year end, which amounts to roughly 1.1 billion share buy back and the float would be 5.14 billion shares. Am I doing the numbers correct?? Any comments??
I believe the number of shares (7.09 Billion) is prior to the swap scheme. Also, the swap involved approximately 405 Million (+) shares of PFE. Finally, in addition to the $3.9 Billon stock buy back, PFE has announced an additional $10.0 Billon buy back. This would retire approximately 496 Million shares, leaving approximately 6.2 Billion shares of PFE.