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Pfizer stock buyback dims prospects of AstraZeneca bid

Oct. 24, 2014 7:16 AM ETPfizer Inc. (PFE) StockPFE, AZNBy: Douglas W. House, SA News Editor8 Comments
  • Pfizer's (NYSE:PFE) announcement yesterday of an $10B stock repurchase plan deflates expectations that it will make another run at AstraZeneca (NYSE:AZN). Under British takeover rules, it could do so in November. In any event, the change in U.S. tax regulations making inversions less attractive makes a mega-deal like this unlikely.

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