Pfizer, Allergan To Merge, Move HQ To Ireland

(December 2, 2015, 12:12 PM EST) -- Pfizer Inc. and Allergan PLC on Nov. 23 announced the two drug companies will merge, with Dublin-based Allergan to become the parent company named Pfizer PLC with its legal domicile in Ireland.

Pfizer stockholders will receive stock or cash. The merger is valued at $160 billion.

The companies said shares in Pfizer PLC will be listed on the New York Stock Exchange. They said Pfizer PLC will have its global operational headquarters in New York.

Pfizer said that as a result of the merger, it expects...
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