Pfizer chases AstraZeneca for potential $100 billion deal

[riky]

Pfizer chases AstraZeneca for potential $100 billion deal

<p><a href="http://news.yahoo.com/pfizer-confirms-desire-buy-astrazeneca-061640697--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/wi5E47UxG2nKGGy_ZcrGxw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-28T121808Z_1_CBREA3R0RIZ00_RTROPTP_2_PFIZER.JPG" width="130" height="86" alt="The Pfizer logo is seen next to a U.S. flag in a conference room at their world headquarters in New York" align="left" title="The Pfizer logo is seen next to a U.S. flag in a conference room at their world headquarters in New York" border="0" /></a>By Ben Hirschler and Ransdell Pierson LONDON/NEW YORK (Reuters) - U.S. drugmaker Pfizer Inc approached Britain's AstraZeneca Plc two days ago to reignite a potential $100 billion takeover and was rebuffed, raising investor expectations it will have to increase its offer to close the deal. Pfizer said on Monday it proposed a takeover to AstraZeneca in January worth 58.8 billion pounds ($98.9 billion), or nearly 47 pounds per share. AstraZeneca shares were up 11.7 percent at $76.69 in New York on news of the latest offer, which would be the biggest foreign acquisition of a British company and one of the largest pharmaceutical deals. Pfizer shares were up 3.8 percent at $31.92 on the New York Stock Exchange on Monday afternoon.</p><br clear="all"/>

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