Pfizer, Allergan Near Deal Despite Treasury Warning

By | November 19, 2015

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Big pharma Pfizer (PFE) was reportedly near a deal to acquire Ireland-based Allergan (AGN) on Thursday, even as the Treasury Department said it would put out new guidance to cut the economic benefits of such deals. Pfizer and Allergan confirmed rumors that they were in such talks late last month, but details such as price were left to Wall Street speculation. Late Wednesday, however, Bloomberg and Reuters both reported that the price had been set Scalper1 News

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