Retail News

Wall Street Shies Over J&J’s Price for Pfizer

Reuters 06/26/2006

Household names, such as Listerine, Sudafed and Nicorette, come with Johnson & Johnson’s $1.6 billion acquisition of Pfizer’s health-care business, but shares of J&J were down 1.8 percent yesterday with many investors saying the price was too high.

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