Pfizer Reaches Whopping $150 Billion Deal With Allergan

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pfizerPharmaceutical giant Pfizer sealed the deal in a blockbuster $150 billion merger with Irish-based drug maker Allergan.

In one of the largest transactions in industry history, Allergan will acquire Pfizer in a maneuver known as a reverse merger, which will allow the U.S. company to legally move abroad and lower its tax bill.

The tie-up comes despite the Obama administration’s effort to thwart such mergers and the loss of corporate tax revenue. Read more at The New York Times.

{Andy Heller-Matzav.com}

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