The Traderszone Network

Published in TZ Latest News 13 May, 2014 by The TZ Newswire Staff

Pfizer urges AstraZeneca to talk as MPs slam offer

U.S. drugmaker Pfizer suggested it could raise its proposed $106 billion (62.9 billion pounds) offer if AstraZeneca engaged in talks, as its boss was grilled by MPs on his commitment to British research spending and jobs. The New York-based group said it was disappointed by AstraZeneca’s refusal to discuss its proposed merger. Chief Executive Ian Read did not rule out a hostile bid, telling a parliamentary committee he had various \”options\” for his next move.

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