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Pfizer, Allergan Merge to Form World's Largest Drugmaker

Two large drugmakers, U.S.-based Pfizer and Ireland's Allergan, joined forces Monday, creating the world's biggest drug manufacturer. The $160-billion stock deal will push the combined companies, to be called Pfizer Plc and based in Ireland, past Switzerland's Novartis to the top of the drug industry, based on annual sales of about $60 billion. The companies expect the deal will be completed by the second half of 2016, but antitrust regulators around the world will have to...

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