AstraZeneca India up on Pfizer offer for parent
Shares of AstraZeneca Pharma India, the Indian unit of AstraZeneca Plc, rose 2.5 per cent as the British drugmaker was approached by Pfizer Inc for a potential $100 billion takeover.
AstraZeneca Pharma India shares have gained 53 per cent since January on speculation that its parent would be a takeover candidate.
AstraZeneca Plc holds a 75 per cent stake in its Indian subsidiary, BSE data shows.
Copyright Thomson Reuters 2014
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