Pfizer mulls options after AstraZeneca snubs offer

Published May 5, 2014 5:57pm ET



Executives at drugmaker Pfizer Inc. say they’re continuing to review options after British rival AstraZeneca PLC again rejected their proposal to buy the company, adding that Pfizer would prefer a friendly deal. The latest offer was valued at over $100 billion.

“We believe our revised proposal is compelling,” Pfizer CEO Ian Read said Monday, adding that it offers AstraZeneca shareholders more benefits than if the maker of cholesterol blockbuster Crestor remains an independent company.

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