U.K. Signals It Won’t Block Pfizer’s Bid for AstraZeneca
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U.K. Prime Minister David Cameron’s government signaled it won’t stand in the way of Pfizer Inc.’s takeover bid for AstraZeneca Plc, rebuffing cross-party calls to intervene to safeguard jobs and the country’s science base.
Cameron, who received a letter from Pfizer and spoke with AstraZeneca Chairman Leif Johansson today, “is clear that the U.K. government regards the potential takeover bid as a matter for the respective boards and shareholders of the two companies,” the prime minister’s office said in an e-mailed statement.