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Pfizer admits defeat on AstraZeneca bid

US pharmaceuticals giant Pfizer has called off its multi-billion pound bid to take over British-Swedish firm AstraZeneca. The decision came after AstraZeneca's board declined an offer worth almost £70bn.

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Miliband 'happy' to meet Pfizer boss over AstraZeneca

Ed Miliband has said he will be meeting the boss of Pfizer next week, following criticism that he had turned down an initial meeting with chief executive Tim Read.

The BBC's Newsnight programme has revealed Mr Read wrote to the Labour leader on April 28th requesting a meeting but was told Mr Miliband would be too busy campaigning for the local and European elections.

However today the Labour leader said he would be "happy" to meet with Pfizer representatives.

"I would be very happy to speak to them and I will be doing that next week," he told BBC News.

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