Pfizer set to buy Allergan for more than $150 billion

  • metta

    Posts: 39118

    Nov 23, 2015 5:03 AM GMT
    Pfizer set to buy Allergan for more than $150 billion

    "The deal would create a pharmaceutical colossus with annual sales of more than $60 billion, putting the merged group well ahead of No. 2 U.S. drugmaker Merck & Co (MRK.N), which has annual sales of about $40 billion."

    "Although Pfizer has decried the high U.S. corporate tax rate, it has minimized its U.S. taxes for years by selling its drug patents to overseas subsidiaries and then using them to make drugs that are sold back to U.S. affiliates. While generating big profit margins for its overseas arm, the practice has allowed Pfizer to report losses on its higher-taxed U.S. business in each of the past five years.

    Many industry analysts and investors believe Pfizer could be bulking up with Allergan's fast-growing brands as a prelude to splitting by 2017 into two companies - one selling high-margin branded drugs and one selling inexpensive generics that have dragged down Pfizer results over the past few years."





    http://www.reuters.com/article/2015/11/22/us-allergan-m-a-pfizer-idUSKBN0TB0UT20151122
  • metta

    Posts: 39118

    Nov 24, 2015 6:22 AM GMT
    Viagra Manufacturer Merges With Botox Manufacturer To Duck Billions Of Dollars In U.S. Taxes


    http://thinkprogress.org/economy/2015/11/23/3725061/pfizer-inversion-allergan/