Pfizer, Allergan to combine in $160bn deal; merger scrapped due to tax law change
In the largest merger in the health care industry to date, Pfizer Inc. will pay a whopping $160bn in stock--$363.63 per share (a 20% premium)--for Allergan PLC. Allergan shareholders will receive 11.3 shares in the combined entity for each of their shares. Pfizer stockholders can also choose to receive some cash instead of stock of the combined company, provided the total cash is between $6-12bn (if it's more or less than the two limits, the stock and cash elections will be prorated).
- Generic Drugs
- OTC, Consumer
- Specialty Pharmaceuticals
- Controlled Release
- Full Acquisition
- Includes Contract
- Payment Includes Cash for Equity
- Payment Includes Stock
- Reverse Acquisition
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