UK finance minister ready for 'hard negotiation' with Pfizer

[riky]

UK finance minister ready for 'hard negotiation' with Pfizer

<p><a href="http://news.yahoo.com/uk-finance-minister-ready-hard-negotiation-pfizer-100536289--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/vpsukMeLI3ifLdBEHk261A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-10T150737Z_1_CBREA490S1M00_RTROPTP_2_ASTRAZENECA-PFIZER.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 Ben Hirschler LONDON (Reuters) - Britain is ready for \&quot;hard negotiation\&quot; to ensure Pfizer sticks to specific promises on jobs and science under the U.S. drugmaker's proposed takeover of AstraZeneca, its finance minister said. \&quot;I think it would be extraordinary not to engage with AstraZeneca or Pfizer,\&quot; George Osborne told BBC radio on Saturday. He stressed Britain was an open economy that had benefited \&quot;enormously\&quot; from past investment by foreign companies, such as Tata Motors and Nissan in the car industry, and AstraZeneca itself had grown by taking over foreign firms. Although the country's second-biggest drugmaker AstraZeneca has rejected a $106 billion approach from Pfizer in what would be the largest foreign takeover of a British company, the U.S. group is expected to continue its pursuit.</p><br clear="all"/>

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