AstraZeneca rejects Pfizer's final $117bn bid
London - AFP
British drugs giant AstraZeneca on Monday rejected a final takeover bid from US rival Pfizer worth $117 billion (85 billion euros), saying that the terms undervalued the company. Pfizer on Sunday made an improved and final offer worth £69 billion, pitched at £55 per share, but added that it would not proceed without a recommendation from AstraZeneca's management.
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Moscow - TASS
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