Pfizer Confirms Takeover Bid For AstraZeneca

American drugs giant Pfizer is to make a takeover bid for British rival AstraZeneca, it has been confirmed.

It would be one of the biggest pharmaceuticals deals ever, creating a new company that would be listed on the New York Stock Exchange.

The move would also be likely to mark the most expensive foreign takeover of a UK business in history.

In early morning Monday trades, AstraZeneca's shares were up more than 14%, at £46.90.

Manhattan-based Pfizer said if the deal was approved, management for the UK-arm would remain in Britain.

Last year, AstraZeneca cut hundreds of jobs in a reorganisation of its local operations.

Pfizer said initial talks in January had been rebuffed, along with a further approach last weekend.

Its initial offer valued AstraZeneca's shares at more than £46, including a premium of 30%.

The American company said the new approach would also include a premium for shareholders.

Approached by Sky News, AstraZeneca said it had no comment to make and was reviewing the statement released by Pfizer.

The pharmaceutical industry has seen a wave of large-scale mergers and acquisitions recently.

Last week, GlaxoSmithKline said it would sell its oncology business to rival Novartis for £8.5bn and in return buy the Swiss company's vaccines division.

Anda sedang membaca artikel tentang

Pfizer Confirms Takeover Bid For AstraZeneca

Dengan url

http://raskindollar.blogspot.com/2014/04/pfizer-confirms-takeover-bid-for.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Pfizer Confirms Takeover Bid For AstraZeneca

namun jangan lupa untuk meletakkan link

Pfizer Confirms Takeover Bid For AstraZeneca

sebagai sumbernya