The Fall Of Pfizergan: The Beginning, The End And Everything In Between

The $160bn mega-merger that never came to be was exciting to watch unfold from beginning to the stunning end, when it was derailed by the US government. “The Pink Sheet” followed every twist and turn along the way.

News that the country’s top drug maker – Pfizer Inc. – was going to leave the US for a friendlier corporate tax domicile through a $160bn merger with Allergan PLC astonished the industry when it came to light in October, especially as the climate for such inversions had started to cool.

From the signing of the deal in November to the companies’ jolly joint appearance at the J.P. Morgan Healthcare Conference in January, Pfizergan seemed like one big, happy family –...

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