Big Business Groups Just Sued the Government for Blocking Pfizer-Allergan Merger — Fortune

Two business groups representing Pfizer and Allergan are suing the government, claiming that its new regulations were “tailored to destroy” a planned merger between the pharmaceutical companies. The rules, issued in April by the Treasury Department and the Internal Revenue Service, significantly limited U.S. corporations’ ability to lower their tax rate by acquiring companies overseas…

via Big Business Groups Just Sued the Government for Blocking Pfizer-Allergan Merger — Fortune

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