First Burger King, now Pfizer. How many more companies will we force to flee the U.S before we wake up?
Via Forbes:
Pfizer, the world’s largest drug company, which was founded in Brooklyn in 1849, is for the second time contemplating a merger that would allow it to move its headquarters out of the U.S. and avoid U.S. taxes.
Pfizer and Botox-maker Allergan, itself created in $67 billion merger last year, confirmed this morning that they are in early merger discussions. The discussions are friendly, but could fall apart.