A recent UK press report says that Pfizer has made initial approaches to acquire AstraZeneca for ￡60 billion ($101 billion) in what would.be the world's largest pharmaceutical acquisition. The two companies have declined to comment on the report, which appeared in The Sunday Times. A deal between Pfizer and AstraZeneca would create one of the top 10 companies worldwide by market value. AstraZeneca has rejected Pfiz-er's overtures, according to the report.
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