AstraZeneca to respond to Pfizer offer this morning

UK pharmaceutical company AstraZeneca are expected to respond to Pfizer's "final" offer, Business Editor Joel Hills reports.


Late last night Pfizer submitted renewed bid for AstraZeneca, described as "final and cannot be increased". AZ's response at 07:00.

Read: Pfizer's 'final' offer 'represents full value of UK firm


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.