Britain wants binding pledges from Pfizer on AstraZeneca bid

Fri May 9, 2014 6:11am EDT
 
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LONDON May 9 (Reuters) - The British government needs to be confident that any commitments made by Pfizer in a proposed takeover of AstraZeneca are binding, British Deputy Prime Minister Nick Clegg said on Friday.

Pfizer Chief Executive Ian Read has already given a five-year commitment to complete AstraZeneca's new research centre in Cambridge, retain a factory in Macclesfield, and put a fifth of its research staff in Britain if the deal goes ahead. (Reporting by Guy Faulconbridge and William James; Editing by Andrew Osborn)