AstraZeneca rejects Pfizer's take-it-or-leave-it offer

[riky]

AstraZeneca rejects Pfizer's take-it-or-leave-it offer

<p><a href="http://news.yahoo.com/pfizer-raises-bid-astrazeneca-117-billion-000003360--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) - Britain's AstraZeneca on Monday rejected a sweetened and &quot;final&quot; offer from Pfizer, leaving it uncertain if the U.S. drugmaker would pull off its plan to create the world's biggest pharmaceuticals group. The rebuff came nine hours after Pfizer said on Sunday it had raised its takeover offer to 55 pounds a share, or around 70 billion pounds ($118 billion) in total, 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.</p><br clear="all"/>

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