ITV News Business Editor Joel Hills reports:
AstraZeneca says Pfizer "strongly undervalues" it + not enough cash on offer. "Shareholders strongly advised to take no action"
Pfizer confirms it made contact with British government about intentions for AstraZeneca this morning.
Lord Sainsbury, the billionaire of supermarket fame, said that under no circumstances should any takeover deal be allowed to go ahead.
US pharmaceutical giant Pfizer has made a second attempt to takeover AstraZeneca. Here are some of the main points of the possible deal.
How a tie-up between two of the world's biggest pharmaceutical firms would affect Britain.