Advanced Corporate Finance Assignment
2 pages (500 words)
, Download 1
... Corporate Finance Introduction The whole interest begun on the 25th of November, when Ian Read, who is the Chief of Pfizer approached AstraZenecas chairman, Leif Johansson to request them to discuss about a merger between the two companies. All agreed, and the meeting was scheduled for early the following year, 2014. The two sides of leadership then met on 5th January, 2014, in New York, for what was termed as ‘high level talks. The first proposal by Pfizer hit £58bn or £4661 per share, a price that was declined by AstraZeneca. On 26th April, 2014, Read requests to meet Johansson to initiate fresh talks. Johansson declines to any more talks on a merger. Two days later, Pfizer decides to make its...