The Pfizer–Allergan Merger

[Thailandnotes]

"In an announcement on Monday morning, Pfizer, the big drug company, whose headquarters are on East 42nd Street, in Manhattan, said that it is merging with one of its competitors, Allergan PLC. Ian Read, a Scottish-born accountant who is Pfizer’s chairman and chief executive, said that the proposed deal, which is valued at a hundred and sixty billion dollars, would “create a leading global pharmaceutical company with the strength to research, discover and deliver more medicines and therapies to more people around the world.”

"On Wall Street and in the world of big pharma, that statement will raise chuckles..."

http://www.newyorker.com/news/john-c...cid=mod-latest

[santafe2]

Re: The Pfizer–Allergan Merger

"In an announcement on Monday morning, Pfizer, the big drug company, whose headquarters are on East 42nd Street, in Manhattan, said that it is merging with one of its competitors, Allergan PLC. Ian Read, a Scottish-born accountant who is Pfizer’s chairman and chief executive, said that the proposed deal, which is valued at a hundred and sixty billion dollars, would “create a leading global pharmaceutical company with the strength to research, discover and deliver more medicines and therapies to more people around the world.”

"On Wall Street and in the world of big pharma, that statement will raise chuckles..."

http://www.newyorker.com/news/john-c...cid=mod-latest

As Mel Brooks said, "It's good to be king".