Pfizer won't speculate on US Treasury's inversion move after agreeing Irish Allergan deal
Published 05/04/2016 | 08:57
Pfizer is conducting a review of the US Treasury Department's latest actions to curb tax-avoiding "inversion" deals in which a US company reincorporates overseas following the purchase of a foreign company.
"We are conducting a review of the US Department of Treasury's Notice. We won't speculate on any potential impact until the review is completed," Pfizer spokeswoman Joan Campion said in an emailed statement.
The Treasury's actions, announced earlier on Monday, is the latest to target such deals. In the largest inversion transaction ever, Dublin-based Allergan has agreed to be bought by New York's Pfizer.