Schroders, Fidelity reveal investor split as Astra rejects Pfizer

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Schroders, Fidelity reveal investor split as Astra rejects Pfizer

<p><a href="http://news.yahoo.com/astrazeneca-shareholder-urges-board-back-talks-pfizer-095714173--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/KBAuIxKXRk1rqK5qIH1HIQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-20T152656Z_2_CBREA4J0RON00_RTROPTP_2_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>By Chris Vellacott LONDON (Reuters) - Some leading AstraZeneca Plc shareholders were at odds over whether the British drugmaker made the right decision in rejecting Pfizer Inc's final $118 billion bid to buy the company. Schroder Investment Management Ltd , AstraZeneca's 12th-biggest shareholder, urged the drugmaker on Tuesday to restart takeover talks with Pfizer while Fidelity Worldwide Investment (UK) Ltd, holder of the 18th largest stake in Astra, backed the British company's stance. Schroders said it was disappointed with &quot;the quick rejection by the AstraZeneca board&quot; of an improved 55 pounds-a-share offer and the decision by Pfizer to &quot;draw a premature end to these negotiations by calling their latest proposal final.&quot; &quot;Given the increase in the offer we would encourage the AstraZeneca management to recommence their engagement with Pfizer, and subsequently their shareholders,&quot; the fund manager, which owns 2 percent of AstraZeneca, said.</p><br clear="all"/>

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