Skip to main content

A take over is "not in the public interest".

http://www.theguardian.com/business/2014/may/18/pfizer-lay-out-final-astrazeneca-takeover-proposal



Pfizer raises stakes with final AstraZeneca takeover approach

 


Ian Read, Pfizer chief executive


 
To quote from a Blog I posted( http://new-agenda2012.blogspot.co.uk/2014/05/pfizer-astrazeneca-and-tweet-from.html) on Thursday 15th May,
I saw the "questioning" session of the Pfizer CEO and Financial director by the Commons select committee on television and conclude that their "testimony" was evasive, misleading and vague at best. It was evident to me at least, that Pfizer have no intention of honouring any commitments they make now in respect of employment or continuing operations in this country. Their track record in European take over deals is one of deception to secure the deal, followed by ruthless asset stripping and callous indifference in the dismissal of hundreds of workers in the businesses acquired. Liquidise the assets, then take the money and run, seems to be the order of the day for this giant, which unsurprisingly is not uncommon for many American companies when it comes to the take over of British or other European companies.

The determination of Pfizer to acquire AstraZeneca, with all the resulting threats to the AstraZeneca workforce, the NHS and this country, is clearly evidenced by the latest and (so they say) final bid at £55 a share (valuing AstraZeneca at around £69bn).
 



Investors were a little tentative





It is obvious that Pfizer are being less than candid in their dealings with AstraZeneca and the Commons Select Committee. The British government should block this attempted grabbing of another UK industry by an American multi national and the shareholders of AstraZeneca should give a resound NO to rebuff this squalid take over attempt from a nasty corporate parasite.


For further reading see also:
 http://new-agenda2012.blogspot.co.uk/2014/05/pfizer-executives-cashed-in-shares.html




Labels:

Comments

Post a Comment

Popular posts from this blog

Northern Ireland and Brexit. The return of "The Troubles"

Northern Ireland: police attacked in another night of disturbances | Northern Ireland | The Guardian When the "Brexit" debate was still filling our newspapers and our television screens, readers may remember why I had changed my mind since voting to leave at the referendum vote. Apart from the economic arguments, which had become crystal clear after peeling away all the lies and misrepresentations trotted out by Bozo Boris and his "Get Brexit Done" conspirators, there was always the problem of the border between Northern Ireland and the Republic of Ireland. Would it be possible to have a border between the European Union and the United Kingdom where people, goods and services could pass freely between the two nations without customs restrictions, tariffs, duties and all the other formalities? Would it be possible to have one part of the United Kingdom treated differently from other parts of the United Kingdom, particularly when Scotland for example had voted overwhe...
Post a Comment
Read more

The writing on the wall

https://www.independent.co.uk/news/uk/politics/boris-johnson-government-zero-hour-contract-ban-latest-a9257281.html?fbclid=IwAR0OW6qhoVnO9MVH-E9ruKFLnL_V3NQ5PMpYEkGGHEXskJxkAsrr2UJjRIs Two-thirds of voters want  Boris Johnson ‘s government to ban zero-hours contracts, a poll has found. There will be many people over the coming months and years who will tell the "pollsters" that something should be done about the homeless, or the costs of electric, gas and water, or about the costs of public transport, or the failing (and privatised) NHS, or the excessive profits and tax avoidance of large corporations. etc. To all those I say, that if you did not vote Labour then you have only yourselves to blame and you must bear the consequences of your actions. Johnson a nd his sycophant cronies have been given a blank cheque to do as they please and sell off vast portions of the British economy to the Americans, (the takeover of British defence giant Cobham by a US private equi...
Post a Comment
Read more

Greed and envy are good says Boris Johnson.

  http://www.independent.co.uk/news/uk/politics/embrace-culture-of-greed-says-boris-johnson-8968276.html Embrace culture of greed, says Boris Johnson Boris Johnson.  "I stress – I don't believe that economic equality is possible; indeed some measure of inequality is essential for the spirit of envy and keeping up with the Joneses that is, like greed, a valuable spur to economic activity." Johnson delivering the annual Margaret Thatcher lecture at the Centre for Policy Studies think-tank, Wednesday 27th November 2013 Boris Johnson seeks to emulate Thatcher. He appeals to the evil side of the "nasty" party, for a society where greed is good, where selfishness is encouraged, where division amongst people by envy and status is championed as a proper objective and where the excesses of business and government are regarded as appropriate and right for the advancement of the few at the expense of the many. Johnson is an evil man with evil intent...
Post a Comment
Read more