Pfizer- Allergan Merger Sets a Trend

30 Nov

Amid all the controversy surrounding Irish company Allergan’s proposed takeover of the much bigger Pfizer in a move designed to slash the combined company’s tax bill, a trend is becoming apparent. To find out more, I caught up with Paddy O’Shaughnessy, whose company “O’Shaughnessy’s Used Cars and Small Engine Repair” has just announced its agreement to take over General Motors of Detroit. We met at the proposed new HQ of “O’Shaughnessy International” in the Fiddler’s Elbow pub in Ballaghaderreen, County Roscommon.

Critics of the deal have leveled the accusation that it is an outrageous scheme to stick it to the US taxpayer, but, over a lunchtime pint of Guinness, O’Shaughnessy vigorously disputed this claim. “Combining the two businesses makes a lot of commercial sense. They’re complimentary, you see. If you turn up at the head office of General Motors in Detroit today looking for a used Ford Transit van, you’re basically out of luck. Same thing with a broken lawn mower. Nobody there can repair it. They’re turning away business. Under the new arrangement, they could bring that lawnmower to us and Seamus will have it fixed within five working days or your money back, provided it’s nothing difficult.”

When I suggested that this was a pretty flimsy pretext for a dodgy deal, O’Shaughnessy became irate and pointed to a man sitting at the end of the bar. “If it’s dodgy deals you’re after, why don’t you go and talk to Michael over there?”

Michael was just about to leave, but he agreed to be interviewed as we walked to his shop in the company of the young lady who had been sitting next to him in the pub. I asked him if he knew what was behind the O’Shaughnessy – General Motors merger. “Sure, it’s obvious. He’s had a thing for Siobhan here for ages. Thinks his multi-billion dollar deal is going to impress her with what a big man he is.”
“And will it?” I asked.
“Fat chance,” he scoffed, opening a door beneath a sign reading “Michael Gallagher Greengrocer, Head Office of Coca Cola, Inc.”


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