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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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AstraZeneca rejects 'final' Pfizer bid of £69 billion

AstraZeneca has rejected the increased and apparently final takeover offer of £69 billion from US drug giant Pfizer, ITV News Business Editor Joel Hills has reported:

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