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Obama's inversion curbs kill Pfizer's $160 bln Allergan deal
2016-04-06 08:55:03| Automakers - Topix.net
U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama's drive to stop tax-dodging corporate mergers. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S. Treasury unveiled new rules to curb inversions.
Report: U.S. Set to Block Baker Huges, Halliburton Deal
2016-04-06 04:23:20| Appliances - Topix.net
The Justice Department is preparing to file a lawsuit to block a proposed merger between Halliburton Co. and Baker Hughes Inc., the most recent sign that a takeover boom is meeting resistance from U.S. regulators and antitrust enforcers.
UPDATE 5-Pfizer's Allergan deal teeters on new U.S. inversion curbs
2016-04-06 03:35:30| Waste Management - Topix.net
U.S. drug maker Pfizer Inc's $160 billion agreement to acquire Botox maker Allergan Plc was on the brink of being abandoned on Tuesday, after the U.S. Treasury issued new rules on how tax "inversion" deals can be structured. Allergan's shares were hit considerably hard on Tuesday, showing how the rules that were issued on Monday targeted the biggest inversion attempted to date.
Tags: update
deal
inversion
curbs
FedEx Plans Bond Offering in Euros for TNT Deal
2016-04-06 00:42:43| Air Courier - Topix.net
FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue. The Memphis-based company on April 4 released detailed plans for a 3 billion euro bond issue.
Tags: plans
deal
offering
euros
Analysts: New inversion rules will kill Pfizer-Allergan deal
2016-04-05 22:25:51| Biotech - Topix.net
In this Monday, Nov. 23, 2015, file photo, the Allergan logo appears above a trading post on the floor of the New York Stock Exchange. Pfizer Inc. and Allergan Plc are scrambling to determine whether to proceed with their plan to merge.
Tags: rules
deal
kill
analysts
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