Business Latest News: Pfizer Says Shareholders Snap up Remaining Zoetis Shares

Wochit
Pfizer Inc said on Monday that enough investors had offered to trade their shares of the drugmaker for those in its majority owned Zoetis Inc animal health business, a final step in the spinoff of the unit. Hospital operator Tenet Healthcare Corp will buy smaller rival Vanguard Health Systems Inc for $4.3 billion including debt to expand into new geographies. The companies said the deal includes the assumption of $2.5 billion of debt. Stock index futures fell after the S&P 500 suffered its worst weekly decline in two months, on concerns stimulus measures by the U.S. Federal Reserve may be drawing to a close and a possible cash crunch in China.
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