Pfizer is the manufacturer of Viagra, while Allergan produces Botox (AFP / JACK GUEZ / SEE)
Pfizer pharmaceuticals, Viagra's manufacturer, agreed to buy the maker of Botox, Allergan, in transaction valued at about 160 billion dollars, the biggest deal in the history of the industry. Pfizer, based in New York, and Allergan, based in Ireland, said that Allergan's shareholders will receive 11.3 shares of the company combined by each detainee paper. The deal values the shares of Allergan in $ 363.63, before closing price of paper $ 312.46 on Friday.
The shareholders of Pfizer will have the option of receiving a company's combined action for each role in your possession or receive cash, provided that the total in aggregate species to be paid no less than 6 billion dollars or more than 12 billion dollars .
The chief executive of Pfizer, Ian Read, will be CEO of the combined company, while the president of Allergan, Brent Saunders, will be operational vice president, the companies said on Monday.
The agreement will also allow Pfizer to transfer its legal basis to Ireland in a so-called "inversion" which will reduce the tax payment level. This tax aspect of the business is seen as critical. The level of US corporate taxation, 35%, is among the world's largest and compares with a level of 12.5% in Ireland.
With the closing of the deal, expected in the second half of 2016, the companies said the combined company will retain the legal domicile of Allergan in Ireland. The US Treasury, concerned about the loss of revenue from taxes, has taken measures to curb tax investment agreements, but experts said the assaults will do little to prevent Pfizer change its tax residence.
Font: Thesky
