Walmart and Humana have explored a wide range of options including a merger, though an outright combination isn't likely at this point, according to one source.
Buying Allergan, which is in Dublin, could let Pfizer relocate outside the U.S. for tax purposes, a transaction known as an inversion--and of course, Allergan has Botox and the Alzheimers drug Namenda.
The share buyback will occur over a multi-year period, the Woonsocket, Rhode Island-based company said in a statement today before a briefing for analysts and investors.