$160bn tie-up with Allergan,which would fill been world’s biggest pharmaceutical deal, scuppered by US tax crackdownBarack Obama’s derailment of Pfizer’s $160bn (£114bn) merger with Allergan sparked instant speculation on Wednesday that the US drugs company would turn its attention to another big pharmaceutical takeover.
Pfizer, or best known for Viagra and its cholesterol pill Lipitor,will pay the Botox producer Allergan $150m for pulling out of what would fill been the world’s biggest healthcare deal, first announced in November and now abandoned after the US Treasury Department stunned financial markets with measures to clamp down on tax efficient mergers and takeovers. Continue reading...
Source: theguardian.com