Allergan, Pfizer call off proposed $160B merger

Discussion in 'Finance Related News' started by admin, Apr 6, 2016.

  1. admin

    admin Administrator Staff Member

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    NEW YORK (AP) — 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 — at least on paper — to reduce its tax bill.

    As analysts and investors had expected, ...

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