Published On: Wed, Apr 6th, 2016

Allergan, Pfizer call off proposed $160B merger – CTV News

CTV News

Allergan, Pfizer call off proposed $ 160B merger
CTV News
The biggest U.S.-based drugmaker, Pfizer Inc., will stay put thanks to aggressive new Treasury Department rules that succeeded in blocking Pfizer from acquiring rival Allergan and moving to Ireland — on paper — to reduce its tax bill. As analysts and
Pfizer, Allergan scrap US$ 160B deal after Obama tax inversion
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