The Traderszone Network

Published in TZ Latest News 4 May, 2014 by The TZ Newswire Staff

UK’s Labour call for inquiry into Pfizer’s AstraZeneca bid

Britain’s opposition Labour party called on Sunday for an inquiry into a potential takeover of British firm AstraZeneca by U.S. drugmaker Pfizer, accusing the government of “cheerleading” for a deal. AstraZeneca on Friday rejected a 63 billion pound ($106 billion) bid from Pfizer, but the U.S. firm is expected to pursue its efforts to acquire Britain’s second largest pharmaceutical company.

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