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Democratic candidate Sanders condemns Pfizer-Allergan deal as 'disaster'

Reuters - UK Focus

WASHINGTON, Nov 23 (Reuters) - Democratic presidential candidate Bernie Sanders condemned the Pfizer Inc (NYSE: PFE - news) acquisition of Allergan Plc (NYSE: AGN - news) 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 (Other OTC: UBGXF - news) . tax bill by moving its headquarters to Ireland (Other OTC: IRLD - news) .

"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)