UK PM David Cameron says he's playing fair on AstraZeneca deal

PTI Posted online: Sunday, May 11, 2014 at 0000 hrs
London : Britain's leader sought to deflect criticism that he's been working too closely with US drugmaker Pfizer in its proposed USD 106-billion takeover of the Anglo-Swedish firm AstraZeneca.

With fears growing that British jobs will be lost and the nation's science base undermined in the potential merger,

Prime Minister David Cameron denied in a BBC interview today that he was favouring the American company.

When asked on The Andrew Marr Show whether he was engaging more closely with Pfizer, Cameron insisted that was not the case.

Cameron said "ministers were talking to AstraZeneca before anyone spoke to Pfizer."

Pfizer has been trying to buy AstraZeneca since January, but has been rebuffed three times. The proposed deal would be the largest foreign takeover of a British company.

Britain's leader sought to deflect criticism that he's been working too closely with US drugmaker Pfizer in its proposed USD 106-billion takeover of the Anglo-Swedish firm AstraZeneca.

With fears growing that British jobs will be lost and the nation's science base undermined in the potential merger,

Prime Minister David Cameron denied in a BBC interview today that he was favouring the American company.

When asked on The Andrew Marr Show whether he was engaging more closely with Pfizer, Cameron insisted that was not the case.

Cameron said "ministers were talking to AstraZeneca before anyone spoke to Pfizer."

Pfizer has been trying to buy AstraZeneca since January, but has been rebuffed three times. The proposed deal would be the largest foreign takeover of a British company.