Please answer the following Discussion Questions: No introduction or conclusion.

1. In your judgment, what were the primary motivations for Pfizer wanting to acquire Pharmacia?

2. Why do you think Pfizer’s stock initially fell and Pharmacia’s increased?

3. In your opinion, is this transaction likely to succeed or fail to meet investor expectations? Explain your answer.

4. Would you anticipate continued consolidation in the global pharmaceutical industry? Why or why not?

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