The Merger of Pfizer and Arena Pharmaceutical

Analysis of how the assets and liabilities of the subsidiary changed because of the acquisition, and the impact of the use of fair value accounting.

Prepare a brief table, comparing the assets and liabilities shown in the parents purchase price allocation footnote with the balance sheet data shown in the subsidiarys last public balance sheet (10-Q or 10-K)

Comment on what this indicates about whether, prior to the acquisition, the GAAP financial statements of the acquired company may have given a misleading view of the shareholders true economic equity.

Using the information in the acquirers footnotes about amortization of the acquired assets, and the table you prepared, and comment about whether, after the acquisition, the subsidiary will be recording significantly more amortization expenses than it had when it was on its own.