Pfizer Set to Buy Allergan for More Than $150 Billion

November 23rd, 2015

More than $150 billion. Not a typo.

Via: Reuters:

Pfizer Inc (PFE.N) secured formal board approval on Sunday for its acquisition of Botox maker Allergan Plc (AGN.N) for more than $150 billion, a deal that will create the world’s biggest drug maker, according to people familiar with the matter.

The deal, the largest ever in the healthcare sector, will be announced on Monday and is sure to draw political ire in a U.S. presidential election year because Pfizer would redomicile to Ireland, where Allergan is registered, in a so-called “inversion” that would slash its corporate tax rate.

Posted in Economy, Health | Top Of Page

2 Responses to “Pfizer Set to Buy Allergan for More Than $150 Billion”

  1. pookie says:
    November 24, 2015 at 12:54 am

    Former Vice President Blows the Whistle & Tells the Truth about the Pharmaceutical Industry

    http://tapnewswire.com/2015/07/pfizer-vice-president-blows-the-whistle-tells-the-truth-about-the-pharmaceutical-industry/

  2. pookie says:
    November 24, 2015 at 12:59 am

    oops, that should read former =>Pfizer<= Vice President. No former Vice Prez of the US would ever expose corruption in high places.

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