Arab Today, arab today astrazeneca rejects pfizer\s final 117bn bid
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

AstraZeneca rejects Pfizer\'s final $117bn bid

Arab Today, arab today

Arab Today, arab today AstraZeneca rejects Pfizer\'s final $117bn bid

London - AFP

British drugs giant AstraZeneca on Monday rejected a final takeover bid from US rival Pfizer worth $117 billion (85 billion euros), saying that the terms undervalued the company. Pfizer on Sunday made an improved and final offer worth £69 billion, pitched at £55 per share, but added that it would not proceed without a recommendation from AstraZeneca's management.

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