Did Pfizer really delist itself on the Nasdaq and NYSE, after the recent release of their COVID-19 vaccine documents?!
Take a look at the viral claim, and find out what the facts really are!
Claim : Pfizer Delist Itself On Nasdaq + NYSE!
People are excitedly sharing messages and articles claiming that Pfizer has delisted, or is about to delist, itself on both the Nasdaq and the New York Stock Exchange (NYSE)!
According to these messages and articles, Pfizer wants to delist itself in both stock exchanges after the recent release of their COVID-19 vaccine documents with 9 pages that allegedly listed 1,291 side effects.
This example of what’s being shared is long, so feel free to skip to the next section for the facts!
Truth : Pfizer Did NOT Delist Itself On Nasdaq / NYSE!
This is yet another example of anti-Pfizer, anti-vaccine FAKE NEWS being created and propagated by anti-vaccination activists. Here are the reasons why…
Fact #1 : Pfizer Did Not Delist Itself On Nasdaq / NYSE
I had already addressed this earlier, when they claimed that the NYSE delisted Pfizer.
Now they are claiming that Pfizer is delisting itself on Nasdaq or NYSE, but that is also complete nonsense.
Anyone who takes just 2 seconds to look at the NYSE or Nasdaq website, or even Google, would realise that Pfizer Inc. (PFE) is still listed on both stock exchanges.
Not only is Pfizer still on Nasdaq and NYSE, its stock price actually went up by 2.17% on 11 March 2022!
Fact #2 : Pfizer Delisted Its 0.250% Note From NYSE
This new fake news is based on two recent Pfizer announcements. The first is a Form 25 submission that Pfizer filed with the SEC (US Securities and Exchange Commission) on 7 March 2022.
Pfizer submitted that Form 25 to delist its euro-denominated 0.250% notes – basically debt with a payable interest of 0.25% that matured on 7 March 2022.
In short, Pfizer paid off that matured debt with interest, and consequently removed the notes from the NYSE. It’s even stated in the description of their 7 March 2022 SEC filing on the Pfizer website.
The Pfizer common stock (PFE) remains on the NYSE and Nasdaq, and is being actively traded as we speak.
Fact #3 : Companies Can’t Go Private By Simply Delisting
Public-listed companies can go private, but not by simply notifying the stock exchange.
They have to first purchase shares from a majority of the shareholders, before they can even think of going private.
Even if that happens, the process can take four to six months to complete. It doesn’t just happen over a few days, with a simple notification to the stock exchange.
Fact #4 : Pfizer Delisted Arena Pharmaceuticals
The second Pfizer news that this fake story is based on is their delisting of Arena Pharmaceuticals from the Nasdaq Global Select Market.
Pfizer announced that it completed its acquisition of Arena Pharmaceuticals on 11 March 2022, and so Arena’s shares of common stock were delisted that day.
Again, Pfizer was not delisting itself, it was delisting the common stock of its (now) wholly owned subsidiary, Arena Pharmaceuticals.
Fact #3 : Guo Wengui + G News Infamous For Fake News
This fake story appears to be created by G News, a website owned by Guo Media – a company associated with Guo Wengui and Steve Bannon.
Guo is an exiled Chinese businessman, and both Guo and Bannon are infamous for creating and spreading misinformation.
Naturally, both Guo and Bannon are often featured in G News coverage. It doesn’t make them prescient, just pretentious.
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