• Our new ticketing site is now live! Using either this or the original site (both powered by TrainSplit) helps support the running of the forum with every ticket purchase! Find out more and ask any questions/give us feedback in this thread!

Pfizer still in bid to take over AstraZeneca.

Status
Not open for further replies.
Sponsor Post - registered members do not see these adverts; click here to register, or click here to log in
R

RailUK Forums

yorksrob

Veteran Member
Joined
6 Aug 2009
Messages
44,389
Location
Yorks
I think I heard on Today that Pfizer are one of those companies that like to buy up the intellectual property and disguard the company.

Doubtless the Establishment will be entirely complicit the destruction of yet another British company.
 

Rapidash

Member
Joined
3 Sep 2013
Messages
686
Location
Torbaydos, Devon
The AZ ocean-science lab in my town just got transferred to Plymouth University ownership this week, looks like just in time! :)
 

Xenophon PCDGS

Veteran Member
Joined
17 Apr 2011
Messages
35,456
Location
A typical commuter-belt part of north-west England
AstraZeneca have now rejected the second (and improved) bid from Pfizer.
--- old post above --- --- new post below ---

Political sound-bytes now coming from the leaders of the Government and the Opposition, with reminders being added about past American promises to secure British-based jobs being broken, as was the case when Kraft Foods took over Cadbury.
 
Last edited:

WillPS

Established Member
Joined
18 Nov 2008
Messages
2,431
Location
Nottingham
Say what you like about Mondelez - Cadbury Dairy Milk with Oreo is a heavenly outcome.
 

radamfi

Established Member
Joined
29 Oct 2009
Messages
9,267
AstraZeneca is a listed company and so its shares can be bought by anyone. I live in the UK but yet hold shares in nominally 'American' companies. The shareholders, as with any big listed company, are predominately owned by financial institutions. It is not as if it is a family run business.

If AstraZeneca didn't want to be bought out by foreigners, they shouldn't have gone public in the first place. It isn't even a proper British company, given that it merged with a Swedish company not very long ago. The 'Zeneca' bit comes from ICI, which, again, was listed.
 
Last edited:

yorksrob

Veteran Member
Joined
6 Aug 2009
Messages
44,389
Location
Yorks
AstraZeneca is a listed company and so its shares can be bought by anyone. I live in the UK but yet hold shares in nominally 'American' companies. The shareholders, as with any big listed company, are predominately owned by financial institutions. It is not as if it is a family run business.

If AstraZeneca didn't want to be bought out by foreigners, they shouldn't have gone public in the first place. It isn't even a proper British company, given that it merged with a Swedish company not very long ago. The 'Zeneca' bit comes from ICI, which, again, was listed.

Plenty of other red blooded western economies (including the USA and France) have stricter controls over who can take over their strategic industries than us. According to the financial pundits in my newspaper, those countries are at risk of being seen as "not open for business". They don't seem to be quaking in their boots at the prospect.
 

Clip

Established Member
Joined
28 Jun 2010
Messages
10,821
All this willy waving by AZ is only about getting an even bigger share price than is offered. I reckon a £70Bn bid should be enough for them to cough.
 

ExRes

Established Member
Joined
16 Dec 2012
Messages
8,431
Location
Back in Sussex
It would seem that the Yanks are 'expressing disquiet' as well, Pfizer are being accused of using a move to the UK as a way of screwing Uncle Sam out of his taxes

Surely not, big business trying to avoid taxes :o
 

Johnuk123

Established Member
Joined
19 Mar 2012
Messages
2,800
http://news.sky.com/story/1264321/astrazeneca-rejects-pfizer-final-offer

AstraZeneca has rejected US rival Pfizer's "final offer" takeover bid, which valued the company at £69.3bn.
The British drug giant said the offer of £55 a share falls short of its value as an independent company and that Pfizer had failed to "make a compelling strategic business or value case".

I doubt that this is the end of this. I read this morning that Boots is also on the verge of takeover by Walgreens the famous American drug store chain.
 

ExRes

Established Member
Joined
16 Dec 2012
Messages
8,431
Location
Back in Sussex

Donny Dave

Established Member
Joined
9 Jul 2005
Messages
5,394
Location
Doncaster
Expect a bid of £67-70bn to test the resolve of the directors and shareholders

Not a bad prediction if I say so ....

Fund manager Schroders wants AstraZeneca to "recommence engagement" with Pfizer, after the UK drug maker rejected a takeover by its US rival.

UK-based Schroders is the twelfth largest shareholder in AstraZeneca, with a 2% holding.

On Monday, AstraZeneca rejected a £55 per share bid from Pfizer, who said the proposal would be its final offer.

AstraZeneca said this undervalued the company and the takeover is viewed as highly unlikely at this stage.
'Quick rejection'

In a statement Schroders said it "would encourage the AstraZeneca management to recommence their engagement with Pfizer and subsequently their shareholders".

It continued: "Schroders notes with disappointment the quick rejection by the AstraZeneca board of the latest offer from Pfizer, and the decision of the Pfizer board to draw a premature end to these negotiations by calling their latest proposal final."

Schroders joins other shareholders such as Axa Investments and Jupiter Fund Management in expressing disappointment at the AstraZeneca decision not to speak in greater detail to its shareholders.

http://www.bbc.co.uk/news/business-27486903
 

Xenophon PCDGS

Veteran Member
Joined
17 Apr 2011
Messages
35,456
Location
A typical commuter-belt part of north-west England
Not a bad prediction if I say so ....



http://www.bbc.co.uk/news/business-27486903

That is one view of a 2% shareholder. Have any of the other large institutional shareholders made their views known since the rejection of the stated "final" Pfizer offer.

Pfizer have now to have their past broken promises made open to full scrutiny and the more detailed the actual matters come to light, the less savoury this company seem to appear. The information from Sweden about the seemingly untrustworthiness of Pfizer has indeed been most eye-opening. I have always thought that the recent move by Pfizer was not one made for the good of the global pharmaceutical industry, but more of a suppressant tactic by them to diminish the European pharmaceutical industry competition to Pfizer's global ambitions.

The longer this matter continues, the less of a chance that the British R & D part of that industry will have full backing to develop new products if any acceptance or part-only acceptance comes to pass. I note with some resignation that Pfizer talk of retaining a 20% maximum British R & D prescence. I tend, in cases such as this, to think of the remaining 80% of the said figure.
--- old post above --- --- new post below ---

News update on Radio 4 this afternoon.

Pfizer, in terms of Stock Exchange rules, has today formally announced the end of their bid to take over Astra Zeneca.
 
Last edited:

yorksrob

Veteran Member
Joined
6 Aug 2009
Messages
44,389
Location
Yorks
Well, it just goes to show that the City cannot be trusted to act in the strategic interests of the Country. Will our supine politicians finally introduce a public interest test for these sorts of occasions, or will it all be quietly forgotten about until the next time.
 

ExRes

Established Member
Joined
16 Dec 2012
Messages
8,431
Location
Back in Sussex
Well, it just goes to show that the City cannot be trusted to act in the strategic interests of the Country. Will our supine politicians finally introduce a public interest test for these sorts of occasions, or will it all be quietly forgotten about until the next time.

The City doesn't even know what 'the strategic interests of the country' means, as long as they make a buck they couldn't care a fig and as most financial institutions are foreign owned anyway .......... as for politicians, the current thing seems to be blame the Tories for not stopping the nasty Yanks from trying to steal our AstraZeneca, even though the UK Zeneca was merged with the Swedish Astra in 1999 under Blair and Labour
 
Status
Not open for further replies.

Top