Actionable news
All posts from Actionable news
Actionable news in PFE: PFIZER Inc,

Leerink: Treasury Notice Lowers Pfizer-Allergan Deal Chances, Ownership Test Changes A 'Surprise'

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.

The US Treasury’s latest move reduced the benefits of a deal between Pfizer Inc. PFE and Allergan plc Ordinary Shares AGN, while limiting the number of corporate tax inversions.

Leerink’s Jason M. Gerberry noted that Pfizer’s break-up fee is now significantly lower, given the adverse changes in tax law, and the Notice “lowers the probability of the deal closing.”

Key Aspects To...