Actionable news
All posts from Actionable news
Actionable news in AGN: ALLERGAN Inc,

If Pfizer Saves Allergan Deal, These Two Things Should Be Changed

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

Allergan plc Ordinary Shares AGN 14.77% were trading down more than 15 percent on Tuesday afternoon, while shares of Pfizer Inc. PFE 2.08% were up more than 2.5 percent as rumors about a possible cancellation of the deal between both the companies started to circulate the Street.

A Reuters report, citing a source familiar with the issue, said Pfizer "is leaning toward abandoning its $160 billion agreement to buy Allergan Plc in light of the U.S. Treasury's new measures to curb such tax evading deals."

BMO: More Uncertainty, But Not Over

Alex Arfaei of BMO Capital Markets said that Allergan's market cap that would be used to compute the percentage...