Investing.com - Pfizer (NYSE:PFE) said Monday it will not split Innovative Health and Essential Health into separate companies.
“Our two distinct businesses will remain separately managed units within Pfizer,” the firm said in a statement.
It said by operating two separate units, Pfizer already enjoys many of the potential benefits of a split.
A split was first debated by the giant U.S. drugs firm as early as 2012.
Pfizer shares were down 1.08% at $33.9 in pre-market trade at 08:00 ET.