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It's All Off: $160bn PfizerGan Deal Collapses On Latest US Treasury Edicts

This article was originally published in Scrip

Executive Summary

Pfizer Inc. and Allergan PLC have terminated "by mutual agreement" their $160bn merger . The decision was driven by new US Treasury Department rules endorsed by President Barack Obama to prevent tax inversion deals that were announced on April 4, 2016.

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