The Voice

Headline of the day: How exactly do you “bloke” a takeover?

By | Wed 14th May 2014 - 8:41 am

You’ve got to love this headline from the Yorkshire Post:

Vince blokes takeover

In the article, Vince is reported as telling the Commons Business Committee that he and the government were prepared to intervene over Pfizer’s planned takeover of Astra Zeneca, emphasising how important it was to protect the research base in the UK.

He said:

Yes, we work as a team and my colleagues have made very clear that, like me, they want options kept open.

We recognise that we have to keep the options open both in terms of securing assurances and potentially of intervention.

There are always uses for Julian Huppert, but his background and knowledge of the industry is particularly relevant at the moment. Cambridge has never needed him so much.  From Bloomberg Business:

At the same time, Pfizer said in a May 2 letter to Prime Minister David Cameron that it may “adjust these obligations should circumstances significantly change.”

That language gives Pfizer “an easy opt-out,” said Julian Huppert, a member of Parliament representing Cambridge. Britain and Cambridge would be better served if Pfizer and AstraZeneca remained independent and expanded their local operations separately, said Huppert, a former research scientist who headed a small biotech company in Cambridge before entering politics.l

 

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