Drugmaker Pfizer Inc. has launched an all-out assault on defensive measures interwoven in rival American Home Product’s plan for a $71 billion friendly merger with pharmaceutical maker Warner-Lambert Co., according to an amended lawsuit filed in Delaware.

Pfizer, which has launched a $75 billion hostile takeover bid for Warner-Lambert, contends in its revised Delaware Chancery Court suit that American Home officials are using “unprecedented” and “unlawful” tactics to ward off Pfizer’s bid, including a $2 billion breakup fee.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]