LONDON May 2 Britain's government said it was
considering whether reassurances made by Pfizer over its
potential takeover of AstraZeneca offered sufficient
protection to maintain the country's life sciences sector and
Pfizer said earlier on Friday it had written to Prime
Minister David Cameron pledging to retain British jobs and a
planned scientific research hub in Cambridge if it succeeds in
its bid to take over its British rival.
"The letter from the chief executive of Pfizer is a positive
sign. The government will consider these proposals carefully as
to whether they offer sufficient protection of our priorities,"
the Prime Minister's office said in a statement.
The statement added that the government still regarded any
deal as a matter for the boards and shareholders of the two
AstraZeneca earlier on Friday rejected a sweetened bid from
the U.S. firm.
(Reporting by Sarah Young; editing by Kate Holton)