Deals
Sweden Urges Shareholders to Reject AstraZeneca Takeover
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Sweden’s government urged shareholders of AstraZeneca Plc to reject a takeover by Pfizer Inc., saying the deal risks hurting the largest Nordic economy.
“What we’re now seeing is a hostile process where a very important reason for the deal seems to be” to cut Pfizer’s tax burden, Finance Minister Anders Borg said today in Stockholm. “There’s a worry that tax-driven deals can result in that potential profits will be achieved through cost cuts.”