U-M To Buy Ann Arbor Pfizer R&D Labs For $108 Million
ANN ARBOR - The University of Michigan announced plans Thursday to purchase the former Pfizer R&D facilities for $108 million. U-M officials said the move will directly create at least 2,000 jobs during the next decade and accelerate expansion of the nation's second ranked research university's activities, so critical to the state's economic development. "This