AstraZeneca braced for hostile bid from Pfizer

Speculation is mounting that US pharmaceutical giant Pfizer is set to make a hostile bid for AstraZeneca after its €76bn takeover offer was spurned.

AstraZeneca braced for hostile bid from Pfizer
Tue, 06 May, 2014 - 11:22

Speculation is mounting that US pharmaceutical giant Pfizer is set to make a hostile bid for AstraZeneca after its €76bn takeover offer was spurned.

The UK company said the offer “substantially” undervalued the business, forcing Pfizer to consider its next move.

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