Pfizer

To:

Governance & Sustainability Committee

From:
Margaret M. Madden

Date:
December 12, 2024

Subject:
Annual Review of Poison Pill Policy
________________________________________________________________________


Prior to December 31, 2003, Pfizer had a Rights Agreement, or “Poison Pill,” a device
that many companies adopted to make a hostile takeover more difficult. In October
2003, the Board of Directors amended the Rights Agreement to cause it to expire on
December 31,...