(Bloomberg) — Pfizer Inc. and Allergan Plc agreed to combine in a record $160 billion deal, creating a drugmaking behemoth called Pfizer Plc with products from Viagra to Botox and a low-cost tax base.
Pfizer will exchange 11.3 shares for each Allergan share, valuing the smaller drugmaker at $363.63 a share, according to a statement Monday.
That's a premium of about 27 percent above Allergan's stock price on Oct. 28, before news of the companies' discussions became public.
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