The statement was made through Guggenheim Securities, which has long advised Pfizer on dealmaking. A representative for the bank declined to comment beyond the release.
The about face comes as Pfizer's board grapples with the activist's efforts, and just days before Starboard's Jeff Smith was slated to meet with CEO Bourla, said people familiar with the matter. For executives to join, and then walk away from an activist's campaign is highly unusual.
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