Pfizer confirms desire to buy AstraZeneca

LONDON, April 28 Mon Apr 28, 2014 2:14am EDT

LONDON, April 28 (Reuters) - U.S. drugmaker Pfizer confirmed on Monday it made a bid approach to AstraZeneca in January and had contacted its British rival again on April 26 seeking to renew discussions about a takeover.

A Pfizer bid for AstraZeneca would be one of the largest ever pharmaceuticals deals. The renewed approach comes amid a wave of M&A in the sector.

(Reporting by Ben Hirschler; editing by James Davey)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.