AstraZeneca rejects new Pfizer bid

AstraZeneca has rejected a final £69bn takeover offer from US drugs giant Pfizer, saying it undervalued the company.

AstraZeneca rejects new Pfizer bid
Mon, 19 May, 2014 - 08:30

AstraZeneca has rejected a final £69bn takeover offer from US drugs giant Pfizer, saying it undervalued the company.

The UK-based pharmaceuticals firm spurned the latest advance from the Viagra maker after it upped the price it was prepared to pay over the weekend.

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