Pfizer is reportedly in negotiations to acquire UK-based drug company AstraZeneca, the Sunday Times reported.
The take-over could value the British firm at £60b and would tip the scales as the biggest foreign take-over of a UK business. According to investment bankers and industry sources the global drug manufacturers have been in informal talks about a possible union in recent weeks. Astra is the UK’s tenth-largest company with 50,000 employees…
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