Is AstraZeneca (AZN) Preserving Cash for a Forest Labs (FRX) Bid?

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AstraZeneca (AZN) Suspends Buybacks; Aims to Maintain Financial Flexibility

October 1, 2012 9:08 AM EDT

AstraZeneca (NYSE: AZN) announced that it is suspending share repurchases with
immediate effect. During 2012 the company has completed net share repurchases
of $2.3 billion in respect of its initial target of $4.5 billion.

AstraZeneca confirms its Core EPS target range for the Full Year 2012... More

AstraZeneca gains on acquisition talk but FirstGroup loses 21% after West Coast chaos

AstraZeneca's surprise move on Monday to halt its share buyback programme has prompted talk that the pharmaceuticals group could have its eyes on an acquisition...