Monday, April 23, 2007

AstraZeneca to buy MedImmune for $15 billion

(Reuters) - The acquisition, announced on Monday, is the boldest move yet by Chief Executive David Brennan, who has been seeking to bolster the company's drug portfolio following a series of product setbacks.

AstraZeneca said the agreed, all-cash deal, which was reported earlier by a source close to the situation, was expected to close in June 2007.


Read more at Reuters.com Business News

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