Pfizer’s announcement that it will buy Allergen
(the producer of Botox) will shift the manufacturer’s headquarters to Ireland
and help reduce their incurred domestic taxes by an estimated 8%. The deal will
make Pfizer the largest company in the industry, as well as mark the largest
instance of an international acquisition to lower a U.S.-based company’s taxes
– and has earned direct criticism from President Obama, Hillary Clinton, Bernie
Sanders, and Donald Trump. Both companies saw a drop in their stock prices
after the announcement.
Read Reuter's article on it here.
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