Pfizer raises offer for AstraZeneca to 50 pounds/share

LONDON Fri May 2, 2014 2:11am EDT

LONDON May 2 (Reuters) - U.S. drugmaker Pfizer said on Friday it had raised its offer for AstraZeneca to 50 pounds ($84.47) a share, adding that the British drugmaker was reviewing the proposal.

AstraZeneca earlier rebuffed a proposal valuing it at just under $100 billion, or 46.61 pounds per share.

(Reporting by Ben Hirschler; editing by Kate Holton)