The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Pfizer in takeover talks with Allergan: report

Deal will create world's largest healthcare group with a market value of US$330 billion

Published Thu, Oct 29, 2015 · 09:50 PM
Share this article.

New York

PHARMACEUTICAL giant Pfizer Inc has held early talks with Botox-maker Allergan plc to discuss what could be the biggest takeover deal this year, the Wall Street Journal and Financial Times reported.

The healthcare sector has seen an unprecedented wave of deals since early 2014, from large drugmakers buying up smaller rivals, to consolidation among makers of generic medicines and tie-ups between insurers.

A bid for Allergan, which has a market value of US$113 billion, would be Pfizer's second recent attempt to acquire a big rival, following its un…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here