Pfizer prepares sweeter bid for AstraZeneca: report

[riky]

Pfizer prepares sweeter bid for AstraZeneca: report

<p><a href="http://news.yahoo.com/pfizer-prepares-sweeter-bid-astrazeneca-report-161815767--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/Igx6i45n6gb3U40WobcYrA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-01T173956Z_3_CBREA3R11JM00_RTROPTP_2_US-ASTRAZENECA-PFIZER.JPG" width="130" height="86" alt="A sign is seen at an AstraZeneca site in Macclesfield" align="left" title="A sign is seen at an AstraZeneca site in Macclesfield" border="0" /></a>(Reuters) - Pfizer Inc may sweeten its offer for Britain's AstraZeneca Plc to more than 63 billion pounds, or $106 billion, and raise the cash portion of the deal, to kickstart negotiations, Bloomberg reported on Thursday. Citing people with knowledge of the matter, the report said a new bid may value AstraZeneca at more than 50 pounds ($84.47) per share and could come as early as next week. Pfizer disclosed earlier this week that it had twice approached AstraZeneca about a takeover, only to be rebuffed in both cases. Pfizer and AstraZeneca declined to comment on the report.</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login