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AstraZeneca refuses Pfizer’s final offer to move forward with merger; now in cool-down period

What would have been the world’s largest drug company merger has been called off last-minute by Pfizer. AstraZeneca, the company that was to be bought, refused to take up Pfizer’s final offer of £55 a share – an offer that many believed would get AstraZeneca to the table for negotiations. “Following the AstraZeneca board’s rejection of the proposal, Pfizer announces that it does not intend to make an offer for AstraZeneca,” Pfizer said in a short news release. Pfizer, the largest drug company in the world currently, says that it chooses not to go hostile, but would rather let the ... Read More