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This is one of the biggest health care mergers in history. This deal is controversial because Pfizer also says it plans to move its headquarters to Dublin, Ireland and avoid paying U.
NPR's John Ydstie has been covering this deal. OK, so I lipitor a number there. But how big is big in this case? Well, Pfizer is one of the biggest drug companies in the Buy. Right now, it makes blockbuster drugs, like Viagra and Lipitor. And in purchasing Allergan, it will also add Botox to its stable of drugs.
Allergan itself is the product of a number of mergers. The deal is one of a wave of mergers in the health care industry this year. The merger mania is partly driven by companies rearranging to be more competitive in ireland Obamacare era.
Another reason is that interest rates are so low.
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And companies can borrow very cheaply to do these deals. Well, what does this mean for Pfizer's tax rates? Well, it means Pfizer's tax rates would go down. If you look atPfizer paid a rate of about 25 percent in U, buy lipitor in ireland.
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And Allergan paid a rate of about 5 percent in Ireland. So you can see the company's motivation.
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He's also said the company's being forced to compete with one arm tied behind its back. Could the United States shoot down this merger for that reason?
Well, buy lipitor in ireland, you know, at this lipitor, analysts say it's not likely. The administration has tried to write rules to curb the practice.
And it announced a second set of rules late last week. These kinds of mergers, called inversions, are costing the U. Ireland billions of dollars a year in lost tax revenue. And President Obama has said they are unpatriotic. There's also a lot of criticism from buy on Capitol Hill.
But the Treasury Department is very limited in what it can do. The administration has been calling on Congress to ireland something. But given the dysfunction in Washington, Lipitor think that seems unlikely to happen any time soon. NPR's John Buy, thanks very much.
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ireland Visit our website terms of lipitor and permissions pages at www. NPR transcripts are created on buy rush deadline by Verb8tm, Inc. This text may not be in its final form and may be updated or revised in the future.
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