The Traderszone Network

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

Pfizer urges AstraZeneca to talk as UK lawmakers slam offer

U.S. drugmaker Pfizer suggested it could raise its proposed $106 billion offer if AstraZeneca engaged in talks, as its boss was grilled by UK lawmakers 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. Having pledged to keep a fifth of research jobs in Britain, Scottish-born Read said he could not commit to maintaining a specific R&D budget there.