Pfizer (NYSE: PFE ) is currently the third largest pharmaceutical company in the world (after Johnson & Johnson and Novartis) with a market cap of $190 billion. Recently, Pfizer initiated a bid for AstraZeneca for about $100 billion, but AstraZeneca rebuffed Pfizers’s offers claiming that they are undervaluing the company and Pfizer has stated that it will no longer pursue AstraZeneca.
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