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Inversion Crackdown: Does It Spell The End For Pfizer/AstraZeneca?

This article was originally published in The Tan Sheet

Executive Summary

Treasury’s initiative to reduce M&A motivated by tax avoidance could leave Pfizer in a lurch, without an attractive acquisition target to reenergize the big pharma’s long-term outlook. Other deals hang in the balance, most notably AbbVie’s $53.3 billion acquisition of Shire, already signed but not yet closed.

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