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Pfizer Hits Pause On M&A To See How US Tax Reform Plays

 
• By Jessica Merrill

CEO Ian Read indicated the company will wait to see if the US tax system is overhauled before completing any large-scale M&A, even as many investors are anxious to see Pfizer make an acquisition.

Business teamwork puzzle pieces.

Pfizer Inc. isn't likely to make any big M&A moves soon given that Congress might shortly take up potential changes to US tax policy. CEO Ian Read said large-scale M&A is largely on hold until there is more clarity around tax reform.

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