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UK PM says he's playing fair on AstraZeneca deal

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May 11, 2014 07:32 AM EST | AP


LONDON (AP) — Britain's leader sought to deflect criticism that he's been working too closely with U.S. drugmaker Pfizer in its proposed $106-billion takeover of the Anglo-Swedish firm AstraZeneca.

With fears growing that British jobs will be lost and the nation's science base undermined in the potential merger, Prime Minister David Cameron denied in a BBC interview Sunday that he was favoring the American company.

When asked on The Andrew Marr Show whether he was engaging more closely with Pfizer, Cameron insisted that was not the case.

Cameron said "ministers were talking to AstraZeneca before anyone spoke to Pfizer."

Pfizer has been trying to buy AstraZeneca since January, but has been rebuffed three times. The proposed deal would be the largest foreign takeover of a British company.