Does anyone know if this is true?
If the acquisition moves forward with regulatory approval, then future dividends(if any) will be paid by PFEplc...based in Ireland with dividend's subject to Irish withholding taxes of approx 20%. Some portion of the withholding may be able to be reclaimed with the foreign tax credit. Also, not sure if any future dividend will remain, qualified vs. ordinary. US holders of PFE will face an 'inversion' cost. PFE shares will be considered 'sold' for the inversion and subject to usual US capital gains treatment with new basis set upon acquisition date price of PFEplc.