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Pfizer drops plan to break up company

Drug manufacturer Pfizer decides not to split into two separate companies after an “extensive evaluation”. ||| New York - Pfizer decided not to split into two separate companies, opting against what could have been one of the biggest breakups in the drug industry’s history after years of what it called an “extensive evaluation”. The decision follows the collapse of Pfizer’s attempted $160 billion merger with Allergan in April, a deal that would have shifted the company’s tax address overseas and bulked up one of the units before a split.
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