Afternoon Coffee: Pfizer and Allergan Call Off Merger, Wal-Mart Pledges Cage-Free Eggs by 2025

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Pfizer and Allergan called off its $160 billion merger deal today after the U.S. Department of Treasury announced stricter rules for companies trying to move overseas to take advantage of lower tax rates. Under the proposed merger, U.S.-based Pfizer would have used Allergan’s foreign address in Ireland.

Wal-Mart announced it will transition to selling only cage-free eggs by 2025. The major retailer said it would require its eggs suppliers to fully comply with the United Egg Producers Animal Husbandry Guidelines or an equivalent standard.

A new report from GT Nexus, shows 70% of executives have started a “digital supply chain transformation” at their company, but only 5% of them are satisfied with the progress of this transformation. More than 30% of the 337 executives surveyed said they were “dissatisfied” with the progress so far.

KPMG expects logistics M&A activity in 2016 to trump 2015 levels. The KPMG Transport Tracker report said 2016 mergers and acquisitions in the transport sector will hit nearly $60 billion.


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