US drug giant Pfizer confirms AstraZeneca bid

TT/The Local/og
TT/The Local/og - [email protected]
US drug giant Pfizer confirms AstraZeneca bid

US pharmaceutical giant Pfizer confirmed on Monday that it had put in a bid to takeover Anglo-Swedish drug giant AstraZeneca.


Pfizer confirmed in a statement on Monday morning that it had approached the Anglo-Swedish company in January with an initial offer.
"After limited high-level discussions, AstraZeneca declined to pursue negotiations," Pfizer wrote, adding that discussions ceased mid-January. 
Pfizer, however, made a second move on Saturday seeking to renew discussions, citing "recent market developments".
AstraZeneca once again declined to engage.
More to follow


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