Pfizer admits defeat in AstraZeneca bid
Pfizer has admitted defeat in its pursuit of AstraZeneca, bringing an end to a month-long takeover battle that pitted two of the world’s biggest drugmakers against each other and stirred political controversy on both sides of the Atlantic.
The US company officially abandoned its £69.4bn offer for its British rival two hours before the 5pm Monday deadline for a deal to be struck under UK takeover rules.
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