Labour threatens to block AstraZeneca takeover bid if it wins 2015 election

Any deal would be subjected to a public interest test and Labour would block the transaction if the result was negative

Labour’s shadow business secretary, Chuka Umunna, has threatened to block the proposed £63bn takeover of AstraZeneca by its US rival Pfizer if the party wins the general election.

Umunna said that if Labour came to power in May 2015 he would subject a deal to a public interest test and block the transaction if the result was negative.

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Pharmaceuticals industry | The Guardian

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