Pfizer CEO Grilled in UK

The Economic Times - - World View -

Pfizer CEO Ian Read faced hos­tile ques­tion­ing from UK law­mak­ers over his bid for As­traZeneca. Read had to con­vince a panel that he plans to keep sci­ence jobs in Bri­tain. Panel mem­bers ac­cused him of be­ing coached in ad­vance of the hear­ing and told him he was with­hold­ing in­for­ma­tion. They asked for solid num­bers on jobs, and Read told them he couldn’t give them. Pfizer plans to sweeten the $101.9 bil­lion bid, say sources.

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