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PFIZER TO REPURCHASE UP TO 20 MILLION SHARES

 NEW YORK, Feb. 25 /PRNewswire/ -- The board of directors of Pfizer, Inc. (NYSE: PFE) today authorized the company to repurchase up to 20 million shares of its currently issued stock in the open market or in privately negotiated transactions. The repurchase program for 10 million shares that was authorized in August 1992, has been completed. The repurchase will be done from time to time over the next 24-months, depending upon market conditions. Pfizer currently has approximately 323 million shares of common stock outstanding.
 Common stock purchased under the program will be held in the company treasury and will be available for use in the company's employee benefit programs, and for other general corporate purposes.
 Pfizer, Inc. is a research-based, diversified health care company with global operations. The company reported sales of approximately $7.23 billion for 1992.
 -0- 2/25/93
 /CONTACT: Tony Biesada, 212-573-2055, or Rick Honey, 212-573-2051, both of Pfizer/
 (PFE)


CO: Pfizer Inc ST: New York IN: MTC SU:

WB-TM -- NY092 -- 0576 02/25/93 16:56 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:171
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