Deals
U.K. Lawmakers Seek Ways to Challenge Pfizer Move on AstraZeneca
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British lawmakers mobilized against Pfizer Inc.’s attempt to buy AstraZeneca Plc, demanding Business Secretary Vince Cable secure assurances on jobs and research investment.
Adrian Bailey, chairman of Parliament’s cross-party Business Committee, said April 29 it is likely to summon Pfizer executives to give evidence on their intentions. Yesterday, Julian Huppert, from Cable’s junior coalition Liberal Democrat Party, submitted a motion calling for ministers to “act as necessary to protect employment and skills in the U.K.”