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BioPharmaceutical North America United States

Pfizer/Allergan: Breaking Up Is Hard To Do (Unless There’s A New Tax Law)

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Executive Summary

The breakup fee for the Pfizer/Allergan merger would be $3.5bn in certain instances, but much lower, just $400m in expense reimbursement, if a party decides to terminate the deal due to an adverse change in law.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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