Many of us are quite aware of the inequality in the distribution of the wealth to the point where the richest 1% pretty much have command of most of the wealth in the world. This has been an increasing tread and with more tax cuts for the rich, their wealth only seems to increase at a phenomenal rate. The wealth ... Read More »
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King Pharmaceuticals sold to ‘Pfizer’ for $3.6 billion
Pfizer agreed on Tuesday to buy King Pharmaceuticals, a maker of pain medications, for $3.6 billion in cash, in the drug maker’s first major deal since its blockbuster purchase of Wyeth last year. Under the terms of the agreement, Pfizer will begin a tender offer in which it will pay $14.25 a share in cash, a 40 percent premium to ... Read More »