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Buy of the Century

The U-M's fabulous Pfizer deal

posted 4/4/2009

The U-M made out like a bandit on its purchase of the former Pfizer research complex. In 2001, the university sold fifty-five vacant acres near North Campus to the drug giant for $27 million, and the company announced plans to add $600-$800 million worth of new facilities there. Pfizer was still building in January 2007, when it announced it was closing the

 
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