Pfizer nixes takeover bid for rival drugmaker AstraZeneca after $119B offer rejected

  • by: ALEX VEIGA , Associated Press
  • Updated: May 26, 2014 - 1:35 PM

Pfizer said Monday that it does not intend to make a takeover offer for British drugmaker AstraZeneca, pulling the plug for now on what would have been the largest deal in the industry's history.

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