May 28, 2014

The government needs to use this time!

Pfizer had until Monday evening to make any further move under a strict timetable allowed for takeovers of public companies.じすい

These same rules mean Pfizer must now wait six months before making a fresh bid for AstraZeneca, unless invited to do so by the company.Mengmd's Blog

By then AstraZeneca shareholders believe the US government will have gone a long way to closing the tax loophole which was one of the reasons for Pfizer being so attracted to AstraZeneca.みいしえ

However, if AstraZeneca's board has a complete change of mind about the offer it could invite Pfizer to talks in three months' time.dfsdder

The Unite union said that the company's independence was not secure and the government should act to protect certain businesses: "We expect that there will be renewed pressure on shareholders over the coming months with the likelihood that Pfizer could be back in its attempts to take over AstraZeneca.jkoeer

"The government needs to use this time to intervene and put a public interest test in place for proposed takeovers of this size, just as other governments do, such as the French which has strengthened its powers to act to protect strategic industries."

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