Pfizer And Allergan Set To Merge For Record $150B
Drug company giants Pfizer and Allergan are poised to merge, which would make it one of the largest in history.By Katie Link | November 22, 2015
Drug companies Pfizer and Allergan are expected to close on a merger deal, which would create the world's largest drugmaker by sales. The expected value of the merger is about $150 billion.
Executives from both companies are expected to vote on the merger Sunday. According to The New York Times, under the deal, "Pfizer would pay 11.3 of its shares for each share of Allergan." (Video via Pfizer)
Allergan, which is headquartered in Dublin and known for producing Botox, will likely be the legal buyer in this case so it can help New York-based Pfizer lower its American tax rate.