Im so glad PFE walked away after such a generous offer. The greedy and backwards people running AZN will regret this forever BUT, if you own PFE, you will see higher dividends and a higher stock price. Very funny about the saying pigs get slaughtered...so true, and to give up being part of PFE and at such a premium. AZN is the laughingstock ( pun intended) of the world now
The people at AZN are not stupid. You're the one who is stupid and just greedy like most shareholders only looking to fatten their wallets and couldn't care less about the company. Dangle some pound notes in front of their faces and they swoon. If the greedy shareholders don't like the rejection they can sell and get the hell out.
Why is it a stupid move when PFE would fire half of their workers ? AZN knows PFE is simply buying a company to get a tax break, then dismember that company soon after. I am PROUD of how AZN had the balls to reject the so-called "offer".....offer to essentially WRECK the company.
Board is supposed to do what is in the best interest of the shareholders (usually that means higher, and not lower share price). Consolidating redundant departments is a given in any acquisition; you make it sound like it's unique to this situation. You are probably just some low level employee of AZN with little to no shares just hoping to keep a job.
Indeed a foolish move.... Even if the share price runs to 100 a share in three to five years, it will still be equal to or even less than the 95ish a share offer in today's dollars.... Share holders could have taken their money and invested it even further. The shareholders will be talking about this one for years to come. How does the BOD get the value to over $120 billion and higher over the next few years to show they were right?? LOL