| Transaction value: $68.4 billion |
| Date: Announced January 2009, completed October 2009 |
| Advisers to Pfizer: Bank of America Merrill Lynch, Goldman Sachs, JPMorgan, Barclays Capital, Citi |
| Advisers to Wyeth: Evercore, Morgan Stanley |
| Global coordinators: Goldman Sachs, HSBC, JPMorgan |
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Although secondary financial markets recovered strongly last year and primary debt and equity capital markets bankers were all kept busy, the shattered confidence of corporate management teams and investors was most evident in the collapse of M&A volume.
