Pfizer and Allergan to Combine

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Go back to Pfizer and Allergan to Combine

Pfizer (PFE) And Allergan (AGN) Could Trade 'Range-Bound', Says Deutsche Bank

November 23, 2015 1:57 PM EST

Shares of Pfizer (NYSE: PFE) and Allergan (NYSE: AGN) could be 'range-bound' for some time, according to Deutsche Bank analyst Gregg Gilbert. Comments follow news the two companies reached a $160 billion merger agreement.

"Conceptually, we could see both stocks remaining range-bound for some time (close expected in 2H16) as investors of various types consider the merits of the transaction," said Gilbert."This deal, if closed, will make PFE an... More