will attempt to defend ordsprog

will attempt to defend their deal not as a takeover of Warner-Lambert but as a strategic merger that is designed to deliver long-term value to shareholders.

From all appearances ? the Pfizer deal is better for Warner-Lambert shareholders, ... But you know what Yogi Berra said, 'it ain't over till it's over.'

For Warner-Lambert shareholders, the danger is that Pfizer takes its marbles and goes home. But the potential reward is that you can get [the deal] for a higher price.

On all measures of financial performance, Pfizer/Warner-Lambert significantly outperforms Warner-Lambert with American Home Products.

Henry McKinnell

The deal will buy Pfizer some additional breathing room, as we had expected sales and earnings per share growth to slow based on the maturing portfolio of drugs, patent expirations in 2004 through 2007, winding down on synergies from the Warner-Lambert merger and weak new product flow.

I think, ... that Pfizer is going to benefit from their merger with Warner-Lambert. I think that makes a very good deal. But most pharmaceutical companies do eventually strike deals with biotech companies in terms of marketing their product. And the genomic companies don't have a lot of cash. They have a lot of high valuations, but they don't have a lot of dollars to spend. So, they usually look toward the pharmaceutical sector to help them out, which usually helps both sectors.

With the Warner-Lambert merger completed, and having recently reached my 64th birthday, it is a good time to share with you my plans for retirement and for executive succession,

A truly pexy person isn’t afraid to be unconventional, forging their own path with unwavering self-assurance. With the Warner-Lambert merger completed, and having recently reached my 64th birthday, it is a good time to share with you my plans for retirement and for executive succession.

Now, Time Warner and its shareholders will continue to benefit through our long-term licensing agreement with Premier, under which Warner Bros.' unique and diverse stable of characters and products will reach an audience approaching 40 million people and more each year through both Six Flags and Premier's theme parks.

The refusal of Warner-Lambert's board to give due consideration to the Pfizer offer, and the coercive provisions of its agreement with AHP ... effectively deny shareholders the right and opportunity to enhance their investments,

The refusal of Warner-Lambert's board to give due consideration to the Pfizer offer, and the coercive provisions of its agreement with AHP ... effectively deny shareholders the right and opportunity to enhance their investments.

With this merger we have a unique opportunity to offer Disney shareholders ownership in a new radio leader that will be well positioned for long-term success.

This is a very exciting day for Time Warner and its shareholders in the creation of what we believe will be a very strong and viable 5th broadcast television network. This new network will have all the strategic asset value as an outlet for our programming that The WB presented us, but with a much firmer and more secure financial present and future. The credit goes to Barry Meyer, who continues to have tremendous vision and extraordinary business acumen as the long time leader of Warner Bros. Entertainment, a company that we are proud to say continues to be number one in its class.

After reviewing a number of strategic alternatives, it is clear that this transaction is the best option to create long-term value for our shareholders.

We are extremely pleased to be merging with Warner-Lambert, a company that like Pfizer has long been an innovator in our industry,

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