Pfizer offers concessions in bid to win EU okay for Hospira deal

July 14, 2015 1:52 PM

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Pfizer offers concessions in bid to win EU okay for Hospira deal

BRUSSELS U.S. drugmaker Pfizer (PFE.N) has offered concessions in a bid to win European Union regulatory approval for its $15 billion takeover of U.S. rival Hospira (HSP.N), the European Commission said on Tuesday.

The EU competition authority did not provide details of Pfizer's proposal in line with its policy. It extended the deadline for its decision to Aug. 4 from July 20 to examine the concessions.

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