Potential Pfizer-Allergan Deal Reignites Inversion Scrutiny

Law360, New York (October 30, 2015, 8:35 PM EDT) -- Pharmaceutical giant Pfizer's latest cross-border pursuit is already reigniting the discussion of so-called inversions roughly a year after rules surrounding the tax-motivated deal structure were tightened, posing a potential threat to a deal that has yet to even materialize.

Pfizer Inc. and Irish drugmaker Allergan PLC confirmed Thursday that they were mulling a potential deal, though both companies emphasized that there was no guarantee a deal would be reached. Although neither shed any light on how a transaction would be structured, an inversion would fall in line with what several other U.S. drugmakers — including Allergan — have done by redomiciling in...

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