Drugmaker Pfizer Abandons $118B Bid for British Pharma Giant (2)

NBC News 2014.05.26 20:38
Pharmaceutical giant Pfizer has abandoned its current attempt to buy AstraZeneca for nearly $118 billion - potentially the third-biggest acquisition in history - as a deadline approached without a last-minute change of heart by the British drugmaker. "Following the AstraZeneca board's rejection of the proposal, Pfizer announces that it does not intend to make an offer for AstraZeneca," the U.S.
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