Ed Miliband has accused David Cameron of acting as a cheerleader for the US pharmaceutical firm Pfizer's proposed takeover of its British rival AstraZeneca as he called for the brakes to be put on the biggest takeover in UK corporate history.
The Labour leader, who said Pfizer had a "pretty dubious record" on takeovers, has written to the prime minister calling for a change in the law to ensure that a public interest test on such corporate deals should be applied to strategic economic interests. The public interest test normally applies to defence companies or utilities.
The Labour leader, who said Pfizer had a "pretty dubious record" on takeovers, has written to the prime minister calling for a change in the law to ensure that a public interest test on such corporate deals should be applied to strategic economic interests. The public interest test normally applies to defence companies or utilities.
