Pfizer Inc is planning to return with a higher bid for British rival AstraZeneca Plc before the U.S. drugmaker considers going hostile, Bloomberg reported on Monday, citing people familiar with the matter. The new offer will increase the value modestly above the current 50 pounds ($84.36) per share level while increasing the cash portion, two people familiar with the matter told Bloomberg. (r.reuters.com/deg39v)Both Pfizer and AstraZeneca could not be reached for comment outside of business hours.On May 2, AstraZeneca turned down a sweetened Pfizer cash and stock offer that valued the British company at 63 billion pounds ($106 billion). ($1 = 0.5927 British Pounds)
AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN traded higher by 0.82% or $0.63/share to $77.87. In the past year, the shares have traded as low as $46.87 and as high as $82.68. On average, 3986580 shares of AZN exchange hands on a given day and today's volume is recorded at 2918799.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE traded higher by 0.34% or $0.1/share to $29.13. In the past year, the shares have traded as low as $27.12 and as high as $32.96. On average, 30168800 shares of PFE exchange hands on a given day and today's volume is recorded at 21658092.
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