To the Point
Pfizer-Allergan Merge in Largest Inversion Deal
Pfizer and Allergan are merging to create the world’s biggest drug company, worth $155 billion. The deal — which will move corporate headquarters to Ireland — is the biggest so-called "inversion" ever. An "inversion" is a way to avoid paying US taxes.
By Warren Olney • • 6m ListenPfizer and Allergan are merging to create the world’s biggest drug company, worth $155 billion. The deal — which will move corporate headquarters to Ireland — is the biggest so-called "inversion" ever. An "inversion" is a way to avoid paying US taxes. Jonathan Rockoff, who covers the pharmaceutical industry for the Wall Street Journal, has the details.
