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Pfizer chasing AstraZeneca in potential $100 BILLION deal
(Reuters) - U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion bid battle for Britain's AstraZeneca Plc after having two bids rejected, as deal-making grips the healthcare industry.
Pfizer said on Monday it made a 58.8 billion pounds ($98.9 billion) bid approach to AstraZeneca in January and had contacted its British rival again on April 26 seeking further discussions about a takeover.
AstraZeneca shares jumped 15 percent in early trade.
The cash and shares takeover, if it happens, would be the biggest-ever foreign takeover of a British company and one of the largest-ever pharmaceuticals deals.
Pfizer said on Monday it made a 58.8 billion pounds ($98.9 billion) bid approach to AstraZeneca in January and had contacted its British rival again on April 26 seeking further discussions about a takeover.
AstraZeneca shares jumped 15 percent in early trade.
The cash and shares takeover, if it happens, would be the biggest-ever foreign takeover of a British company and one of the largest-ever pharmaceuticals deals.
MORE HERE: http://wonkynewsnerd.com/pfizer-chasing-astrazeneca/
