NYSE:ZTSPharmaceuticals
Zoetis (ZTS) Valuation in Focus After $1.85 Billion Fixed-Income Raise and Balance Sheet Moves
Zoetis (NYSE:ZTS) is back in the spotlight after raising almost $1.85 billion in fresh capital through two new fixed-income offerings, with several global banks brought onboard as co-lead underwriters. For investors watching the animal health leader, this round of senior, unsecured notes is more than a routine capital markets event. It is a clear signal that Zoetis is actively shaping its balance sheet, which raises questions about how the company intends to deploy these funds and whether the...