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Pfizer Drops $118 Billion AstraZeneca Bid As Time Runs Out

By Kerry Benn (May 26, 2014, 11:37 AM EDT) -- Pfizer Inc. said Monday it will no longer pursue its sweetened £69.4 billion ($118 billion) offer for rival drug maker AstraZeneca plc, which kept up its stiff opposition to the bid even as it ran up against the end of the deadline period mandated by U.K. takeover rules....

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