U.S. tax policy changes intended to reduce the economic advantage from mergers and acquisitions done for tax inversion leave Pfizer Inc. investors wondering what the changes will mean for the firm’s M&A strategy, particularly whether a potential mega-merger with AstraZeneca PLC will be off the table.
Other pharma deals hang in the balance, most notably AbbVie Inc.’s $53.3 billion acquisition of Shire PLC, already signed but not yet closed [See Deal]. The...
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