The years have taken their toll. In addition to two of the original parties to the lawsuit dying, today, only 0.35% of PLL is held by minority shareholders. And for Pfizer, the merger of PLL and Parke Davis is pending the resolution of the valuation of minority shares, notes Azfar Hasnain, who has a power of attorney for PLL shares held by his son who is largely overseas.
Because Pfizer was unwilling to respond to specific queries, Mint was unable to ascertain how its business is currently performing in Pakistan or get responses to some of the shareholder assertions. The companies are running in an “efficient manner,” according to Pfizer’s website.
“A similar investment made in other company would be 40 to 50 times more,” says Khan, who holds the 100,000 shares with his brother, Abbas. “That’s the reason I am fighting for this thing. It’s a personal principle.”
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