Pfizer raises bid for AstraZeneca to $117 billion

[riky]

Pfizer raises bid for AstraZeneca to $117 billion

<p><a href="http://news.yahoo.com/clock-ticking-pfizer-raise-astrazeneca-bid-130405183--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/NwUQaDWAE89An0uh9oL13A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-18T161607Z_13_CBREA460M4L00_RTROPTP_2_CBUSINESS-US-ASTRAZENECA-PFIZER.JPG" width="130" height="86" alt="The Pfizer logo is seen at their world headquarters in New York" align="left" title="The Pfizer logo is seen at their world headquarters in New York" border="0" /></a>By Ben Hirschler LONDON (Reuters) - U.S. drugmaker Pfizer said on Sunday it had raised its offer for British rival AstraZeneca to 69.3 billion pounds ($116.6 billion), or 55 pounds a share, and would walk away if AstraZeneca did not accept it. Pfizer wants to create the world's largest drugs company, with a headquarters in New York but a tax base in Britain, where corporate tax rates are lower than in the United States. It has met entrenched opposition from AstraZeneca, as well as many politicians and scientists who fear cuts to jobs and research. It said it would not make a hostile offer directly to AstraZeneca shareholders and would only proceed with an offer with the recommendation of the AstraZeneca board.</p><br clear="all"/>

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