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AstraZeneca will pay 1.1 billion to the US tax authorities

The UK and US authorities have reached an agreement on the tax situation of AstraZeneca (AZ). The Anglo-Swedish company will have to pay 1.1 billion dollars to the US tax authorities, a lower sum than expected. Thanks to this agreement, AZ expects 2011 earnings between $6.9 and $7.2 per share, compared to the previous $6.45 and $6.75.

(Les Echos online – 03/28/2011 , The Wall Street Journal online – 03/28/2011)

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