LONDON: British drugmaker AstraZeneca on Monday rejected a final $117-billion takeover bid from US rival Pfizer, appearing to put an end to the saga.

Pfizer had lodged a fourth and final offer worth 85 billion euros or £69 billion on Sunday, pitched at £55 per share, adding it would not proceed without a recommendation from management.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details