Found the agreement for the merger between Pfizer and Allergan. For tax reasons, the new headquarters will be in Ireland: controversy in the USA.
An agreement has been reached between Pfizer, the company of Viagra, And Allergan, a leading company in the Botox, for a merger that will lead to the birth of the largest pharmaceutical company in the world, with a value of 150 billion dollars. The Wall Street Journal announces it. There is no shortage of controversy: for tax reasons the new headquarters will be in Ireland, formerly Allergan Headquarters.
The agreement provides that Pfizer you pay 11.3 treasury shares for each Allergan stock and a small portion in cash. The deal is one of the biggest mergers in history, bigger than Ab InBev's $108 billion deal to buy SABMiller.
And it is, many insiders point out, the greatest flight abroad of an American company to pay lower taxes. To escape American regulations, the agreement is structured as a "reverse merger“, with Allergan buying Pfizer. The colossus that will be born from the union will be led by the CEO of Pfizer, Ian Read, with the CEO of Allergan, Brent Saunders, number two.
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