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.
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.
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.