AstraZeneca share price eyed as takeover talk heats up

ITV News Business Editor Joel Hills reports on the renewed bid by US pharmaceuticals giant Pfizer for the UK's AstraZeneca:

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Prepared for take off: AstraZeneca's share price. Closed £40.80 on Friday. Pfizer initial approach in Jan £46.61. Market open in 30 mins.

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AstraZeneca makes clear it's not interested in Pfizer's amorous advances. In love, Pfizer would walk away. In business can "go hostile".

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Pfizer sought to "renew discussions" at the weekend but AstraZeneca "again declined to engage".

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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.