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Pfizer (PFE) Delays Major M&A As It Awaits U.S. Tax Reform Clarity



8/2/2017 7:06:33 AM

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Pfizer Inc's (PFE.N) chief executive said on Tuesday he would prefer to wait for clarity on U.S. tax reform before engaging in any big deals in order to get a better understanding of any potential acquisition target's value.

The largest U.S. drugmaker has been under increasing pressure from investors and Wall Street to pull off a large deal to help reignite growth.

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