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Pfizer (PFE) will announce a takeover Monday morning to buy Botox maker Allergan (AGN) for more than $150 billion, according to multiple reports. That would make it the biggest tax inversion deal in history. Pfizer’s board signed off the deal Sunday, reports said, with a Monday announcement planned. Pfizer will pay 11.3 shares plus a small cash component for each share of Allergan. The stock element alone would be worth $363.63 per share. Reports Scalper1 News
Scalper1 News