Pfizer and Allergan call off record $160 billion merger

April 6, 2016 10:52 AM

48 0

BREAKING NEWS: Pfizer and Allergan call off record $160 billion merger.

Drugmakers Pfizer Inc. and Allergan Plc appeared Wednesday to step back from plans to merge and shift Pfizer’s corporate address to lower-tax Ireland after new U.S. rules aimed at undercutting the benefits of such “tax inversion” deals, news reports said.

Also read: Britain Unlikely to Review Comcast’s $30 Billion Sky Deal

Read more

To category page

Loading...