UK's Labour call for inquiry into Pfizer's AstraZeneca bid

[riky]

UK's Labour call for inquiry into Pfizer's AstraZeneca bid

<p><a href="http://news.yahoo.com/uks-labour-call-independent-inquiry-pfizers-astrazeneca-bid-092003361--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/qvna0pVnHVJ2Al6fbxMDPw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-04T120111Z_3_CBREA430PXN00_RTROPTP_2_CBUSINESS-US-ASTRAZENECA-PFIZER-POLITICS.JPG" width="130" height="86" alt="The Pfizer logo is seen at their world headquarters in New York" align="left" title="The Pfizer logo is seen at their world headquarters in New York" border="0" /></a>By William James LONDON (Reuters) - Britain's opposition Labour party called on Sunday for an inquiry into a potential takeover of British firm AstraZeneca by U.S. drugmaker Pfizer, accusing the government of &quot;cheerleading&quot; for a deal. AstraZeneca on Friday rejected a 63 billion pound ($106 billion) bid from Pfizer, but the U.S. firm is expected to pursue its efforts to acquire Britain's second largest pharmaceutical company. &quot;We need a more substantive assessment of whether this takeover is in the national economic interest before the UK government allows itself to be seen to be supporting it,&quot; Labour leader Ed Miliband said in a letter to Prime Minister David Cameron. While the government has talked with both AstraZeneca and Pfizer, it has said it has no intention of intervening in the deal and considers it a matter for the companies' boards and shareholders.</p><br clear="all"/>

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