US drugs giant Pfizer reveals AstraZeneca bid

US drugs giant Pfizer has confirmed details of a multi-billion pound takeover approach for the UK's AstraZeneca.

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AstraZeneca, Pfizer tie-up would be one of largest ever

The attempted takeover of British pharmaceutical giant AstraZeneca by its US rival Pfizer would create one of the global drug's industry's largest ever deals.

General view of the entrance to AstraZeneca's in Macclesfield Credit: Press Association Images/Lynne Cameron

The US pharmaceuticals group has confirmed it renewed contact with Astrazenca following a failed attempt earlier in the year to start talks on a multi-billion pound takeover.

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