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Pfizer pulls out of fight for AstraZeneca

The Guardian - 19 May 2014 23:12
Pfizer pulls out of fight for AstraZeneca US pharmaceutical multinational walks away after controversial £69bn bid rejected, wiping £7bn off British firm's share value One of the most bitterly contested takeover battles for a British firm in years has ended in recrimination as the US drugmaker Pfizer was forced to walk away from a £69bn bid for AstraZeneca, sparking protests from some City institutions. Scientists, unions and politicians on both sides of the Atlantic had lined up to criticise a deal they said was motivated by tax avo...
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