Democratic candidate Sanders condemns Pfizer-Allergan deal as 'disaster'
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U.S. Democratic presidential candidate Bernie Sanders listens to a question as he speaks with the media following a campaign rally at the South Carolina Democratic Party headquarters in Columbia, South Carolina November 21, 2015. REUTERS/Chris Keane
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WASHINGTON (Reuters) - Democratic presidential candidate Bernie Sanders condemned the Pfizer Inc (NYSE: PFE) acquisition of Allergan Plc (NYSE: AGN) on Monday and urged the Obama administration to block the deal.
Pfizer said it would buy Botox maker Allergan in a record-breaking deal worth $160 billion to cut its U.S. tax bill by moving its headquarters to Ireland.
"The Pfizer-Allergan merger would be a disaster for American consumers who already pay the highest prices in the world for prescription drugs," Sanders said in a statement.
(Reporting by Doina Chiacu; Editing by Bill Trott)
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