Tag Archives: agn

Pfizer-Allergan A Go Despite New Tax Inversion Rules?

As expected, the Treasury Department late Thursday issued tougher rules governing tax inversions, where a U.S. company buys an overseas firm and then moves its headquarters to that country to get more favorable tax treatment. It wasn’t clear immediately how the new rules might impact a possible Pfizer (PFE) acquisition of Ireland-based Allergan (AGN), a deal valued at up to $157 billion. Pfizer and Allergan shares edged higher in late trading

Pfizer, Allergan Near Deal Despite Treasury Warning

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

Pfizer, Allergan Near Deal As Tax Inversion Rules Loom

Pfizer (PFE) is near a massive deal to buy Allergan (AGN) and redomicile in Ireland, multiple reports said, even as the Treasury Department plans to impose new restrictions on tax inversions. Pfizer are discussing a deal that would pay $370-$380 a share for Botox maker Allergan, Bloomberg and Reuters reported late Wednesday. Allergan rose 4.5% to 310.83 on Wednesday, but retreated after hours following news of the inversion rules. Allergan traded