Pfizer, Allergan to mutually terminate merger on Wednesday morning: CNBC | Reuters

Drugmakers Pfizer Inc and Allergan Plc will mutually terminate their merger tomorrow morning, CNBC tweeted, citing sources.

Earlier in the day Reuters cited sources saying that Pfizer was leaning toward abandoning its $160 billion agreement to buy Allergan in light of the U.S. Treasury's new measures to curb such tax-evading deals.

(Reporting by Anet Josline Pinto in Bengaluru; Editing by Sandra Maler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 06, 2016 07:30 AM

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