Latest Breaking News

nitpicker

(7,153 posts) Mon Nov 23, 2015, 07:57 AM Nov 2015

Pfizer closes in on $150bn Allergan takeover

Source: BBC

Pfizer closes in on $150bn Allergan takeover

47 minutes ago

The biggest deal in pharmaceuticals history is expected to be announced later after the board of Pfizer approved a bid for Botox-maker Allergan worth a reported $150bn (£100bn). If the deal goes ahead, it will create the world's biggest drugmaker. The two companies have been in talks for a number of weeks.

Analysts have suggested the deal would allow Pfizer to escape relatively high US corporate tax rates by moving its headquarters to Dublin. Last year, Pfizer made an offer to buy UK drugs group AstraZeneca, which rejected the offer, arguing it undervalued the company.

(snip)

Read more: http://www.bbc.com/news/business-34900344

Yet another example of corporate greed.

Will Treasury actually enforce its proposed anti-inversion regulations?

4 replies

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Pfizer closes in on $150bn Allergan takeover (Original Post) nitpicker Nov 2015 OP

9/11 !!!!! jalan48 Nov 2015 #1

Its not just companies that need to be held accountable its countries like Ireland but of course cstanleytech Nov 2015 #2

Correct, unfortunately. If the composition of the Congress doesn't change I fear what appalachiablue Nov 2015 #4

Another bad, bad, bad merger. SoapBox Nov 2015 #3

jalan48

(13,870 posts)

1. 9/11 !!!!!

Reply to nitpicker (Original post)

Mon Nov 23, 2015, 08:01 AM

Nov 2015

cstanleytech

(26,294 posts)

2. Its not just companies that need to be held accountable its countries like Ireland but of course

Reply to nitpicker (Original post)

Mon Nov 23, 2015, 08:08 AM

Nov 2015

nothing will be done to stop this type of thing because those who have the power to change the laws are also profiting from it in varies ways be it from campaign contributions (bribes) or in some cases even more directly because they have stock in the companies.

appalachiablue

(41,145 posts)

4. Correct, unfortunately. If the composition of the Congress doesn't change I fear what

Reply to cstanleytech (Reply #2)

Mon Nov 23, 2015, 11:18 AM

Nov 2015

this country will become with the rapid dominance of corporate $ and power.

SoapBox

(18,791 posts)

3. Another bad, bad, bad merger.

Reply to nitpicker (Original post)

Mon Nov 23, 2015, 11:17 AM

Nov 2015

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