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Update: Market Chatter: AstraZeneca, Bristol Myers Not Pursuing Merger Talks

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(Updates with responses from the companies in the third paragraph.)

AstraZeneca (AZN) and Bristol Myers Squibb (BMY) are not engaged in discussions over a potential merger, Reuters reported Wednesday, citing a senior source close to the matter.

"There is no deal between AstraZeneca and BMS. There never was a deal to be done, and there are no discussions between the companies," the source told Reuters.

AstraZeneca and Bristol Myers Squibb declined to comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $162.62, Change: $+7.00, Percent Change: +4.50%

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