Hopes of a Bid by Astra Put More Fire Into Shire
Evening Standard - London › March 18, 2008
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Summary
A FRESH surge of speculative buying carried shares of Shire, Britain's thirdlargest drugs maker, 50p higher to 1048p today as talk of a takeover continued to gather pace.
A few weeks ago, Shire was seen being targeted by Pfizer, the US drugs giant that already has a large manufacturing facility at Sandwich in deepest Kent.See the full content of this document
Extract
Hopes of a Bid by Astra Put More Fire Into Shire
But brokers point out Pfizer is looking to cut costs and has outlined a large number of job losses across Europe.
Now City speculators have thrown the name of Anglo-Swedish rival As...See the full content of this document
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