AstraZeneca Ends Talks With Bristol-Myers Squibb Merger After Leak
AstraZeneca abruptly terminated merger talks with Bristol-Myers Squibb just as a deal seemed imminent, after the FT reported negotiations. The proposed combination would have formed a roughly $400B pharmaceutical group, but AstraZeneca’s board, chaired by Michel Demaré, ended discussions the day after the report. No official explanations were given, with concerns around the leak and shareholder caution suggested.