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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Pfizer eyes AstraZeneca for reported $101 billion

6:42 AM MDT | April 25, 2014 | —Natasha Alperowicz

A recent UK press report says that Pfizer has made initial approaches to acquire AstraZeneca for £60 billion ($101 billion) in what would be the world’s largest pharmaceutical acquisition. The two companies have declined to comment on the report, which appeared in The Sunday Times. A deal between Pfizer and AstraZeneca would create one of the top 10 companies worldwide by market value. AstraZeneca has rejected Pfizer’s overtures, according to the report. AstraZeneca is in a transitional phase, with sales and earnings expected to decline for the...

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