standard.co.uk

AstraZeneca in Talks Over Possible £300bn Mega-Merger With Bristol Myers Squibb

AstraZeneca logoAstraZeneca
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Bristol-Myers Squibb logoBristol-Myers Squibb
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AstraZeneca is reported to have held talks with US rival Bristol Myers Squibb over a merger that could create a drugs group worth over £300 billion and become the world’s fourth-largest pharma company. Discussions have been ongoing, though a deal may be delayed or collapse. Regulatory and antitrust scrutiny is expected, and AstraZeneca shares fell 6.1% after the reports.

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