Soriot should explain the curious case of AstraZeneca’s non-deal
AstraZeneca’s rumoured takeover of Bristol Myers Squibb already looked weird, and was met with a lack of enthusiasm by shareholdersHold the heartburn pills. It seems AstraZeneca is no longer contemplating a takeover of US rival Bristol Myers Squibb (BMS) to create a $400bn (£300bn) pharmaceutical colossus. On Monday, the UK firm’s shares plunged 9% on the FT’s report of preliminary talks. On Wednesday, Reuters said there are no ongoing discussions. Cue a mini-relief rally in AZ’s share price.Neither company has…
Source: www.theguardian.com