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It's All Off: $160bn PfizerGan Deal Collapses On Latest US Treasury Edicts

 
• By Sukaina Virji

Pfizer Inc. and Allergan PLC have terminated "by mutual agreement" their $160bn merger . The decision was driven by new US Treasury Department rules endorsed by President Barack Obama to prevent tax inversion deals that were announced on April 4, 2016.

Pfizer Inc. and Allergan PLC have terminated "by mutual agreement" their $160bn merger . The decision was driven by new US Treasury Department rules endorsed by President Barack Obama to prevent tax inversion deals that were announced on April 4, 2016.

Pfizer says it has agreed to pay Allergan $150m for reimbursement of expenses associated with the transaction. The amount is less than the $400m break-up fee that was allowed...

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