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Allergan Stock Falls As Government Cracks Down On Tax Inversion Deals; Pfizer Deal On The Rocks

Today shares of Allergan (AGN) fell by 14.77% as investors were skeptical that a buyout deal by Pfizer (PFE) would go through, after the government introduced new tax inversion rules. Back in November of 2015 Pfizer stated that it was going to buy Allergan in a $160 billion deal. Pfizer liked Allergan's pipeline but the main reason for doing the deal would have been for the saving on its tax bill.

It would perform what is known as a tax-inversion. This is where a company such as Pfizer here in the U.S. buys a company like...