Business News

Pfizer Said to Plan Raising AstraZeneca Bid a Second Time

Pfizer Inc. is planning to sweeten its bid for U.K. rival AstraZeneca Plc for a second time, people with knowledge of the matter said. Pfizer and its advisers are crafting a new offer that would increase the value modestly above the current 50 pounds-a-share (about $84) level while bumping the […]

Pfizer presses AstraZeneca case as CEO faces UK grilling

U.S. drugmaker Pfizer pressed the scientific case for its controversial plan to acquire AstraZeneca on Monday as its chief executive prepared for a grilling from British lawmakers. In the latest phase of Pfizer’s campaign to counter critics of its proposed $106 billion deal, research head Mikael Dolsten said he had […]

Heineken says it is investing 500 million euros a year in Africa

Heineken (HEIN.AS) plans capital expenditure of 500 million euros ($690 million) a year in Africa over the next few years to maintain sales growth, a senior executive at the world’s third largest brewer told Reuters on Friday. The money will be used to upgrade production facilities and on training, said […]