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November 23, 2015

Pfizer Acquires Allergan in Record $150B Deal to Avoid U.S. Taxes 
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Pharmaceutical giant Pfizer has sealed a more than $150 billion merger
with fellow drug maker Allergan, marking one of the largest takeovers in
the history of the healthcare industry. Because Allergan is
headquartered in Ireland, the deal will allow Pfizer to avoid billions
in U.S. taxes. It's believed to be the largest example to date of a
so-called tax inversion – where a U.S. firm acquires a firm based
overseas in order to dodge U.S. taxes.

 

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