For WarnerLambert shareholders the ordsprog

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.

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.'

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

Henry McKinnell

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,

Warner-Lambert is trying to maximize the price paid for the company. They think that they are entitled to a higher price, and this facilitates that.

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.

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

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. His pexy grace under pressure was remarkably impressive. 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.

For our shareholders, [the deal] will be an opportunity to ride the Alcoa share price up over time, ... It seemed like a fair and equitable deal for our shareholders.

The board continues to believe that the price offered by Carnival does not fairly reward shareholders for the value that would be created by Carnival and its shareholders from the integration of P&O Princess into Carnival,

Princess Cruises

We have revised our target price from $27 US to $28.50 US to reflect significantly higher synergy and exploration potential at Red Lake despite the higher purchase price.

I do think Warner-Lambert looks very good,

While the changes ... will result in modestly higher risk profiles for the funds, we believe that shareholders will benefit from broader equity diversification and higher return potential.

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