Pfizer enters takeover discussions with AstraZeneca: WSJ

The renewed discussions suggest that the two sides might be getting closer to striking a friendly deal, but there is no guarantee the talks will go anywhere, the Journal said, adding that the terms of the informal offer from Pfizer couldn't be learned. Bloomberg reported earlier in the day that Pfizer may sweeten its offer for AstraZeneca to more than 63 billion pounds, or $106 billion, and raise the cash portion of the deal, to kickstart negotiations. Citing people with knowledge of the matter, the Bloomberg report said a new bid may value AstraZeneca at more than 50 pounds ($84.47) per share and could come as early as next week.

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