Pzifer to buy out Allergan

It is expected that Pzifer plc will today buy Allergan plc for $160bn. in the biggest ever buy out in the healthcare sector.

Pzifer has offered Allergan shareholders $363 a share. Its share price on Friday last was $312.

It is just a year ago (Nov. 18  2014) that Allergan was acquired by Activis plc for $66 bn.