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Pfizer confirms Astra bid interest

Posted On 14 May 2014
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Drugs giant Pfizer confirms it has contacted UK-based pharma company AstraZeneca over a possible multi-billion pound takeover bid.

If successful, the deal would be the biggest ever takeover of a UK firm by a foreign company.

Pfizer said it approached AstraZeneca in April, after an initial offer in January, worth £58.8bn, was rebuffed.

AstraZeneca said the original offer “significantly undervalued” the firm, which employs more than 51,000 staff.

Read the source article at BBC – Homepage

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