AstraZeneca says Pfizer bid has undervalued company

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.


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.