2016 Postmortem
Related: About this forumGoldman Sachs, JP Morgan, Morgan Stanley to reap big benefits from Pfizer merger
BOUTIQUE BONANZA: 3 small Wall Street firms grabbed big roles on the Pfizer-Allergan megadeal
"Pfizer has agreed on a deal to combine with Allergan in a $160 billion transaction that will be among the biggest deals of all time.
And three small Wall Street firms are in on the action.
Guggenheim Partners, Centerview Partners and Moelis & Company are all advising Pfizer on the transaction alongside Goldman Sachs.
The four banks will split more than $100 million in deal fees, according to Jeffrey Nassof of the mergers and acquisitions consulting firm Freeman & Co.
JPMorgan and Morgan Stanley are advising Allergan on the transaction."
http://www.businessinsider.com/pfizer-allergan-deal-boutque-advisers-2015-11
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so the big banks and the big pharms are getting a bonanza. Sanders has come out against this merger, and based on his opposition to previous mergers, OM can be expected to be against it. We need Clinton to come out and join them. these inversion scams are ripping off the citizens and making the big companies rich. hillary needs to cut her wall street ties and wage war on this duplicitous theft of the taxpayer. but will she?
Jarqui
(10,126 posts)Record-breaking pharma deal creates worlds biggest drugmaker but stirs growing furor over tax inversion deals
http://www.theguardian.com/business/2015/nov/23/pfizer-allergan-agree-160-billion-dollars-deal-tax
After the sale, the combined company will be renamed Pfizer PLC and continue to trade on the New York Stock Exchange. Pfizers current tax rate is about 25% and would drop below 20% in Ireland, analysts estimate.
Inversions will cost the US taxpayer $19.5bn over the next 10 years, according to Congresss joint committee on taxation. Pfizer is joining a growing number of big US companies now officially based overseas for tax purposes including Burger King (Canada) and Chiquita Brands (Ireland), which have used reverse takeovers to cut their tax bills.
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Hillary Clinton and Bernie Sanders have both criticised inversions, as well as high drug prices.
This merger would be a disaster for Americans who already pay the highest prices in the world for prescription drugs, Sanders posted on Twitter after the news broke.
Clinton is committed to cracking down on so-called inversions, where a company chooses to leave the US on paper to game the tax system, and believes we should reform our tax code to encourage investment in the US, rather than shipping earnings and jobs overseas, her spokesman, Ian Sams, said last month.
US Taxpayers stand to lose again
restorefreedom
(12,655 posts)i hope all three candidates put out some details as to how they will deal with this. its finances, its health care, its big time. we need to stop them.
Jarqui
(10,126 posts)In 2014, Bill Clinton Expressed Sympathy For Companies Using Inversion Transactions And Said Like It Or Not, This Inversion, This Is Their Money.
http://www.nytimes.com/politics/first-draft/2014/09/23/bill-clinton-on-inversions-this-is-their-money/
Bill Clinton Further Defended Corporate Tax Inversions Offering That Companies Feel Duty Bound To Pay The Lowest Taxes They Can Pay.
http://www.huffingtonpost.com/2014/09/23/obama-bill-clinton-corporate-taxes_n_5870908.html
former President Bill Clinton called to cut corporate taxes and give companies a break on money stashed overseas, dinging President Barack Obama's latest effort to combat corporate tax-dodging.
http://www.huffingtonpost.com/2014/09/23/obama-bill-clinton-corporate-taxes_n_5870908.html
The Populist Wing Of The Democrat Party Took Bill Clintons Comments As Evidence That Hillary Clinton Will Pursue A Conservative, Corporate-Friendly Economic Policy Agenda.
Hillary has vowed a crackdown but in the wake of the money she's accepted from Wallstreet and the banks:
http://www.democraticunderground.com/?com=view_post&forum=1251&pid=841173
Wallstreet and the banks don't think she's being honest/sincere about it - which is why they're throwing money at her
restorefreedom
(12,655 posts)ibegurpard
(16,685 posts)She will tell them to cut it out!