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PFIZER TO REDEEM DEBENTURES APRIL 15

 PFIZER TO REDEEM DEBENTURES APRIL 15
 NEW YORK, March 17 /PRNewswire/ -- The board of directors of


Pfizer Inc (NYSE: PFE) on Feb. 27 adopted a resolution calling for the redemption of the company's 8-1/2 percent sinking fund debentures due in 1999 and its 8-3/4 percent convertible subordinated debentures due in 2006. The debentures will be redeemed in their entirety on April 15, 1992, Pfizer announced.
 The redemption price of the 8-1/2 percent debentures is 100.78 percent of the principal amount; redemption price of the 8-3/4 percent debentures is 103.68 percent of the principal amount with interest accrued to the redemption date of April 15, 1992.
 Redemption agent for the 8-1/2 percent debentures is The Chase Manhattan Bank, NA, One New York Plaza, New York, N.Y. 10081.
 The 8-3/4 percent debentures are convertible at a rate of 70.7964 shares per $1,000 principal amount of the debentures. The conversion agent and the redemption agent for the 8-3/4 percent debentures is the Manufacturers Hanover Trust Company, 55 Water Street, New York, N.Y. 10041. The conversion period ends at the close of business on April 15, 1992.
 Pfizer Inc is a diversified, research-based health care company with businesses in pharmaceuticals, hospital products, consumer products, animal health, and specialty chemicals and minerals. The company reported sales of $6.95 billion for 1991.
 -0- 3/17/92
 /CONTACT: A. A. Biesada, 212-573-2055, or Rick Honey, 212-573-2051, both of Pfizer/
 (PFE) CO: Pfizer Inc. ST: New York IN: MTC SU:


SH -- NY069 -- 8798 03/17/92 13:17 EST
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Publication:PR Newswire
Date:Mar 17, 1992
Words:265
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