york-based
Exclusive: Pfizer weighs sale or spin-off of consumer health unit – sources
November 10, 2016 by admin · Leave a Comment
By Lauren Hirsch, Olivia Oran and Carl O'Donnell (Reuters) – U.S. drugmaker Pfizer Inc is evaluating a potential sale or spin-off of its consumer health division that could value the unit at as much as $14 billion, people familiar with the matter said on Wednesday. A Pfizer exit from the consumer health business, which includes lip balm Chapstick and painkiller Advil, would be one of its biggest corporate moves since abandoning a $160 billion deal to buy Irish drugmaker Allergan Inc earlier this year…
Read the original:
Exclusive: Pfizer weighs sale or spin-off of consumer health unit – sources
york-based
Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change
April 6, 2016 by admin · Leave a Comment
U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to cut taxes. Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called inversions. The merger would have allowed New York-based Pfizer
See original here:
Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change
york-based
Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change
April 6, 2016 by creative · Leave a Comment
U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to cut taxes. Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called inversions. The merger would have allowed New York-based Pfizer to cut its tax bill by an estimated $1 billion annually by domiciling in Ireland, where tax rates are lower.
More here:
Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change
york-based
Siemens to buy CD-adapco for close to $1 billion: source
January 25, 2016 by creative · Leave a Comment
Siemens AG , Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early
Continued here:
Siemens to buy CD-adapco for close to $1 billion: source