Medicines giant Pfizer has disclosed information of a £59 billion strategy for Uk rival AstraZeneca in what would be the most significant foreign takeover of a British company.
Astra has spurned two advances from the Viagra maker since January but the American company mentioned it remained “assured a mixture is capable of becoming consummated”, as it lifted the lid on the deal talks following a week of speculation.
Pfizer admitted it hopes to slash its tax bill as element of the deal, which would see it re-domiciled in Britain.
What is driving Pfizer"s pursuit of AstraZeneca?
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