Pfizer drops bid for AstraZeneca

No. 2 drugmaker said likely to try again for U.K. firm

Posted: May 27, 2014 at 4:14 a.m.

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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