AstraZeneca: Aberdeen's Martin Gilbert echoes calls for public interest test on Pfizer's takeover bid
Tuesday 06 May 2014
One of AstraZeneca’s biggest shareholders has declared he is in favour of carrying out a public interest test on Pfizer’s controversial £63bn takeover plan for AstraZeneca, and would be happy to see the British pharmaceuticals giant remain independent.
The calls echoed the Labour leader Ed Miliband’s demands for such a test on major foreign takeovers, which would put Britain in line with other major western economies.
Martin Gilbert’s Aberdeen Asset Management is a top 10 shareholder in AstraZeneca, with 2.4 per cent - or £1.4bn worth – and has more to gain than most by a big-price takeover of the British company.
Yet Mr Gilbert told the Independent: “AstraZeneca’s management has done a good job refocusing the business and as far as we’re concerned remaining independent remains a viable outcome.
“We do have to look at this in UK terms because it is so important for our research and development. It’s got to be about more than tax benefits.”
Earlier, he told the BBC: “Pfizer unfortunately has this reputation of being ruthless cost-cutters.”
Mr Miliband called for a full public interest investigation to be carried out, independently reviewing the impact of such a deal on Britain’s science base.
The Business select committee today confirmed it would be calling representatives of Pfizer and AstraZeneca in for questioning over the deal.
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Now we know whose fault it is if you end up being murdered in Thailand
- 5 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...