Xenophon PCDGS
Veteran Member
Has any one any thoughts on what repercussions to jobs in Britain there might be should this occur ?
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Pfizer still in bid to take over AstraZeneca.
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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.
Doubtless the Establishment will be entirely complicit the destruction of yet another British company.
ExRes
Established Member
Don't get too proprietorial about AstraZeneca
http://www.google.co.uk/url?sa=t&rc...--gfgI&usg=AFQjCNHjqZxHSo8vsj-RJK2FRSdF1zgMRQ
and don't forget what they did too Loughborough so recently
http://www.google.co.uk/url?sa=t&rc...yHgeAP&usg=AFQjCNFoFX9E7ovzFtNfzG7IOKKI903pYQ
http://www.google.co.uk/url?sa=t&rc...--gfgI&usg=AFQjCNHjqZxHSo8vsj-RJK2FRSdF1zgMRQ
and don't forget what they did too Loughborough so recently
http://www.google.co.uk/url?sa=t&rc...yHgeAP&usg=AFQjCNFoFX9E7ovzFtNfzG7IOKKI903pYQ
Rapidash
Member
The AZ ocean-science lab in my town just got transferred to Plymouth University ownership this week, looks like just in time! 
gordonthemoron
Established Member
can't Siemens step in 
Pfizer have a fair amount of experience to do with drugs that help with producing Siemenscan't Siemens step in
Xenophon PCDGS
Veteran Member
AstraZeneca have now rejected the second (and improved) bid from Pfizer.
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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.
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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.
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WillPS
Established Member
Say what you like about Mondelez - Cadbury Dairy Milk with Oreo is a heavenly outcome.
gordonthemoron
Established Member
I think AstraZeneca is much more serious than Cadburys
Xenophon PCDGS
Veteran Member
I note that this takeover has now suddenly taken on a political aspect with certain well-known politicians seeing a possible benefit in highlighting the negative aspects of it from a British R & D jobs point of view with elections being held shortly.
gordonthemoron
Established Member
so it should be
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.
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.
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Donny Dave
Established Member
Expect a bid of £67-70bn to test the resolve of the directors and shareholders
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.
martin2345uk
Established Member
I work for AZ, it's all a little bit scary for us I can tell you :-/
Xenophon PCDGS
Veteran Member
It appears that the Government in Sweden are now expressing disquiet over this matter.
martin2345uk
Established Member
I'm expressing disquiet too! 
ExRes
Established Member
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
Surely not, big business trying to avoid taxes
Manchester77
Established Member
Final bid of £69.4bn made by Pfizer
http://www.theguardian.com/business...inal-astrazeneca-takeover-proposal?CMP=twt_fd
http://www.theguardian.com/business...inal-astrazeneca-takeover-proposal?CMP=twt_fd
Xenophon PCDGS
Veteran Member
This link that you kindly submitted makes very interesting reading.
Johnuk123
Established Member
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http://news.sky.com/story/1264321/astrazeneca-rejects-pfizer-final-offer
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.
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
Boots disappeared as an independent company some time ago, check out the following
http://www.google.co.uk/url?sa=t&rc...84GIDg&usg=AFQjCNG6cTZIjpQP1XzfDwle_9fDDn8xow
then follow on by clicking Alliance Boots and then Walgreens
Donny Dave
Established Member
Xenophon PCDGS
Veteran Member
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.
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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.
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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
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
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