ARTICLE | Deals
Why an AZ-Gilead megadeal doesn’t make sense for investors
June 8, 2020 3:07 AM UTC
Updated on Jun 8, 2020 at 10:37 PM UTC
While neither AstraZeneca nor Gilead has quashed rumors of merger discussions that circulated over the weekend, investors in both companies should hope the chatter amounts to nothing.
Both companies declined to comment on a Bloomberg report that said AstraZeneca plc (LSE:AZN; NYSE:AZN) approached Gilead Sciences Inc. (NASDAQ:GILD) about a deal, and said the latter company was not interested in a transaction...