AstraZeneca rejects 'final' £69bn offer from Pfizer

AstraZeneca claims £55-per-share bid undervalues the company and carries a 'big execution risk'

British pharmaceutical company AstraZeneca
(Image credit: ANDREW YATES/AFP/Getty Images)

Pharmaceuticals company AstraZeneca has rejected a "final" takeover offer from its US rival Pfizer, claiming the new proposal undervalues the company. Pfizer offered £55 per share, raised from £50 two weeks ago, valuing AstraZeneca at around £69bn.

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