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7 HOURS AGO - TheStreet

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Pfizer (PFE) $11B Stock Repurchase Plan May End AstraZeneca (AZN) Bid

NEW YORK (TheStreet) -- Shares of Pfizer Inc are climbing, up 1.68% to $29.08 in midday trading, after theaU.S. drug maker announced late yesterday that it willacontinue buying back stock, deflating expectations that it will make a new bid to buy British rivalaAstraZeneca , Reuters reports. Earlier this year, Pfizer failed in its $118 billion bid to buy AstraZeneca but ...

Tags: Pfizer (PFE) $11B Stock Repurchase Plan May End AstraZeneca (AZN) Bid,  Astrazeneca Latest News

14 HOURS AGO - TheStreet

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October 24 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Oct. 24: 1. -- U.S. stock futures were falling Friday after anaemergency room doctor who returned to New York after treating Ebola patients in West Africa tested positive for theaEbola virus. European stocks declined. Asian shares finished mixed but were higher ahead of the reports of the ...

Tags: October 24 Premarket Briefing: 10 Things You Should Know,  Astrazeneca Latest News

15 HOURS AGO - Reuters

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Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes

LONDON/NEW YORK (Reuters) - U.S. drugmaker Pfizer is to continue buying back stock, with the board authorizing a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.

Tags: Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes,  Astrazeneca Latest News

OCT 16, 2014 - Huffington Post

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Obama Scores Big Win Against Tax-Dodging Deals

LONDON, Oct 16 (Reuters) - U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin-based Shire , recommending shareholders vote against the proposed $55 billion takeover following new U.S. tax rules. Shire stands to be paid a break-up fee of about $1.64 billion, assuming AbbVie's shareholders follow the advice and reject the transaction. The reversal -- which ...

Tags: Obama Scores Big Win Against Tax-Dodging Deals,  Astrazeneca Latest News

OCT 15, 2014 - TheStreet

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AbbVie Backs Away From Shire Takeover After Tax Changes

Shares in rare diseases specialist Shire plc plunged in London on Wednesday after bidder AbbVie Inc. said it would reconsider its u32 billion ($50.9 billion) takeover agreement after a U.S. clampdown on M&A used for tax inversions. AbbVie had in July agreed to offer 2,444 pence in cash and 0.8960 of a new AbbVie share per share of the Dublin ...

Tags: AbbVie Backs Away From Shire Takeover After Tax Changes,  Astrazeneca Latest News