After three weeks of speculation New York-based Pfizer Inc. (PFE) announced today that it was merging with Dublin, Ireland-based Allergan plc (AGN). Board members for both companies unanimously voted Sunday to approve the deal, which will have a total enterprise value of about $160 billion.   The deal will be a stock transaction of about […]

Yesterday’s announcement by the U.S. Treasury Department of rules changes to make tax inversions more difficult, might stop the pending Pfizer Inc. (PFE)-Allergan, Inc. (AGN) deal, but insiders are indicating it may be structured differently to avoid those changes. Predominantly, there is speculation that instead of Pfizer acquiring Allergan, the deal will be structured in […]

After months of speculation on who Pfizer Inc. (PFE) will attempt to buy are now officially over — sort of. It has been confirmed that Pfizer Inc. and Allergan Plc (AGN), according to the Wall Street Journal, are discussing a potential merger. The two companies have declined to comment.   Analysts have been speculating on […]

Dublin, Ireland-based Perrigo Company plc (PRGO) announced today that it will take a number of actions, including layoffs, to increase profitability and help fend off a hostile takeover by Canonsburg, Penn. and UK-based Mylan N.V.   The company plans to consolidate its global supply chain, operations and procurement management activities into a single global center […]

U.S. antitrust enforcers will not appeal a court ruling that said U.S. medical technology provider Steris Corp could proceed with a merger with British sterilization services provider Synergy Health Plc, a Federal Trade Commission spokesman said on Thursday. The FTC filed a lawsuit in May aimed at stopping the proposed transaction, saying it would hurt […]

Lannett Company Inc. has agreed to buy UCB SA’s Kremers Urban Pharmaceuticals Inc. for $1.23 billion. The deal, with tax benefits expected to top $100 million, also calls for potential contingency payments under sales and timing thresholds. Lannett said it expects the deal to close in the fourth quarter. Lannett’s shares, up 15% this year, […]

Merck & Co. (MRK) has its eyes set on eliminating another 2,500 jobs as part of its ongoing restructuring plan announced in 2013, according to a recent filing with the U.S. Securities and Exchange Commission.   According to the filing, the company said “approximately 2,585 position eliminations remain pending under this program as of June […]

A year ago Shire shares were punished when the U.S. Treasury’s freeze on so-called inversion transactions nixed the company’s sale to AbbVie, a Chicago-based pharma giant looking to save money on taxes by shifting its headquarters abroad. Now, instead of selling to a competitor in the ‘Windy City’, Shire is using its Irish domicile to scoop […]