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Pfizer, Allergan to combine in deal valued at $160B

Pfizer Inc. and Allergan Plc agreed to combine in a record $160 billion deal, creating a drugmaking behemoth called Pfizer Plc with products from Viagra to Botox and a low-cost tax base.

By Cynthia Koons, Michelle Fay Cortez | Updated on November 23, 2015
Traders James Matthews, left, and John Panin work at the post that handles Pfizer, on the floor of the New York Stock Exchange, Monday, Nov. 23, 2015. Pfizer acquired Allergan. (AP Photo/Richard Drew)

(Bloomberg) — Pfizer Inc. and Allergan Plc agreed to combine in a record $160 billion deal, creating a drugmaking behemoth called Pfizer Plc with products from Viagra to Botox and a low-cost tax base.

Pfizer will exchange 11.3 shares for each Allergan share, valuing the smaller drugmaker at $363.63 a share, according to a statement Monday.

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