While you were sleeping: Allergan shares sink

Tue, 05 Apr 2016

By Margreet Dietz April 6 (BusinessDesk) - Equities on both sides of the Atlantic slid as concern about the global economy, spurred by reports including a surprise drop in Germany’s factory orders, returned to the forefront of investors’ minds. Also, shares of Allergan tanked, last 15.3 percent lower in afternoon trading in New York, amid concern about that Pfizer’s US$160 billion planned takeover of the Dublin-based company might be thwarted by new US tax measures. Pfizer is leaning toward abandoning its agreement to buy Allergan be...

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