You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Allens assists in Pfizer divestment

Allens Arthur Robinson has acted for pharmaceutical giant Pfizer in the divestment of its animal health products to Virbac, the world's largest veterinarian pharmaceutical company.Divested…

February 10, 2010 By Lawyers Weekly
expand image

Allens Arthur Robinson has acted for pharmaceutical giant Pfizer in the divestment of its animal health products to Virbac, the world's largest veterinarian pharmaceutical company.

 
 

Divested assets include the Fort Dodge Australia livestock business and a biologicals manufacturing facility. Allens acted for Pfizer in relation to both divestments.

The ACCC required Pfizer to divest these assets following it $68 billion acquisition of Wyeth in October 2009 (in which Allens also acted for Pfizer).

The deal required a collaborative effort between the M&A, employment, tax, IP, property and environment teams at Allens. The team was led by partners Jeremy Low and Andrew Wiseman.

"These transactions were milestones for Pfizer in meeting its regulatory obligations and in ensuring a smooth transition to its new integrated businesses in Australia," Low said in a statement.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
Momentum Media Logo
Most Innovative Company