Global pharmaceutical firm Pfizer has reported a slip in profits amid mounting speculation it will try to bolster its business with a hostile bid for British firm Pfizer, led by Scotsman
Yesterday the Viagra manufacturer revealed profits of
As pressure mounts on the
It could lead to calls for the potential takeover to be referred to the competition authorities.
Announcing the results
At the weekend the proposal triggered a political row as
He has written to the Prime Minister demanding a "stronger role by the
Mr Miliband said: "No other country in the world would be waving this bid through, nodding it through, on the basis of pretty weak assurances from Pfizer who have a pretty dubious record in this country and [with] other takeovers."
The Labour leader has also demanded a full assessment of the bid and is urging a review of the impact on
Liberal Democrat Business Secretary
He is also considering reforms to the "public interest test" for corporate takeovers.
It follows a call last week from former Tory cabinet minister
He said that he welcomed a letter last week from
But he insisted that the
But he added: "We are going to have tests which ensure that this get-together becomes a great Anglo-American project or it doesn't happen."
Downing Street has said that it has made clear to Pfizer that its interest is in maintaining
Global pharmaceutical firm Pfizer has reported a slip in profits amid mounting speculation it will try to bolster its business with a hostile bid for British firm
Pfizer, led by Scotsman