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Pfizer Announces Merger Termination With Allergan; Will Pay $150 Million Breakup Fee

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Allergan, Inc. NYSE:AGN, Pfizer, Inc. NYSE:PFE - Pfizer Announces Merger Termination With Allergan; Will Pay $150 Million Breakup Fee

Pfizer Inc. PFE announced Wednesday morning it has terminated its merger agreement with Allergan plc AGN following the U.S. Department of Treasury's tax inversion announcement on Monday.

Pfizer noted the decision to terminate the merger agreement was mutual. As part of the agreement, Pfizer will pay Allergan $150 million as a breakup fee.

"Pfizer approached this...


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