Pfizer and Allergan will join in a $160 billion deal to create the world's largest drugmaker.
The transaction is valued at $363.63 per Allergan share. Allergan shareholders will receive 11.3 shares of the combined company for each of their shares. Pfizer stockholders get one share of the combined company for each of theirs.
It's the biggest health care deal ever and the largest so-called inversion in history, a tax-saving maneuver in which a US.
company reorganizes in a country with a lower corporate tax rate.
US efforts to curb the practice have so far proven ineffectual.
Botox maker Allergan is based in Ireland but runs much of its operations out of New Jersey.
Pfizer and Allergan will be combined under Allergan PLC, which will be renamed Pfizer PLC.
The transaction is valued at $363.63 per Allergan share. Allergan shareholders will receive 11.3 shares of the combined company for each of their shares. Pfizer stockholders get one share of the combined company for each of theirs.
It's the biggest health care deal ever and the largest so-called inversion in history, a tax-saving maneuver in which a US.
US efforts to curb the practice have so far proven ineffectual.
Advertisement
Pfizer and Allergan will be combined under Allergan PLC, which will be renamed Pfizer PLC.
Advertisement
COMMENTS
Advertisement
Viagra Improves Brain Blood Flow, May Help Prevent Dementia: Oxford Study On Viagra Maker's Plea, Court Bars Use of 'Vigoura' Name By Homeopathy Firm Is Beetroot Really Vegetable Viagra? Here's What Science Says 9 Dead, 2,800 Hurt As Pagers Explode Across Lebanon, Hezbollah Blames Israel 'Pager Bombs' Target Hezbollah In Lebanon. What We Know So Far - 5 Points Highlights: Arvind Kejriwal Resigns, Atishi To Be Delhi Chief Minister Kamala Harris Dials Trump After Apparent Assassination Attempt Ghislaine Maxwell's Sex-Trafficking Conviction Upheld, Appeal Planned Stage Set For Phase 1 Of J&K Elections Today, 24 Seats Up For Contest Track Latest News Live on NDTV.com and get news updates from India and around the world.