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Pfizer Said to Have Approached Actavis About Possible Takeover 2014-09-23 18:12:22.519 GMT
By Jeremy R. Cooke Sept. 23 (Bloomberg) -- Pfizer has approached Actavis to express its interest in an acquisition, people with knowledge of the matter told Bloomberg’s Manuel Baigorri, David Welch and Matthew Campbell. * PFE, ACT aren’t currently in formal talks and PFE hasn’t made an offer, the people said * NOTE: Pfizer continues to explore ways to cut its tax rate and gain a new product pipeline * Although AstraZeneca rebuffed its approach, PFE still considering pursuing that deal as well as other options, the people said * PFE determined any such deal needs to be friendly, unlike the unsolicited offer made to Astra * PFE, ACT reps declined to comment * NOTE: Actavis Would Be Willing Seller if Offer Compelling, DealReporter Said (Sept. 19); Actavis Would Make Sense as M&A Target for Pfizer: Bernstein (Sept. 15) Link to full story: NSN NCD96X6TTDSS<GO>
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To contact the reporter on this story: Jeremy R. Cooke in Boston at +1-617-210-4654 or jcooke8@bloomberg.net To contact the editor responsible for this story: Larry DiTore at +1-212-617-1603 or lditore@bloomberg.net