Pfizer to screw long term shareholders with an AZN deal
As a very long term shareholder of PFE (now really only own the stock for the div. as it has lost it's mojo), along with other long term shareholder will get hosed by being forced to realize the long term capital gain tax if a merger with AZN happens. I sure hope this deal does not materialize as I do not want to have to cough up the cash to have the privilege to keep this mediocre stock. If you are a longer term investor with PFE in a taxable account you should be outraged.
We are getting screwed !!! CNBC should do a story on those drawing short sticks here. IAN Read,Ceo, management and AZN shareholders are the only ones being rewarded. Many Pfizer shareholders are being financially punished and will receive nothing in return, but misery and a huge tax bill. This is a stick in the eye to Pfizer shareholders and the US government. They need to fix the tax code now !
IF what you stated is true then think most of us would agree. At this point in time the egos have taken over
and they will try to complete this "deal" at any price they have to pay,just to prove a point. This management
have been reckless with their shareholders' money, the deal is a lousy one from the start and they should just
call it off. Would be happy to join any lawsuit against this management.
Blair, Moosecalf is correct. PFE shareholders face a cap gains tax on all their PFE gains since time of purchase. It is a disaster. Call them 908-901-1547 - they are making a list of shareholder complaints to give to their board. But don't leave it at that. Call everyone you can, like lawmakers, CBNC, Wall Street Journal. Etc.