LONDON May 19 Britain's Jupiter Fund Management
, a top-30 shareholder in UK pharmaceuticals giant
AstraZeneca, said it is disappointed with the firm's
rejection of U.S. rival Pfizer 's final takeover offer.
"We are disappointed the board of AstraZeneca has rejected
Pfizer's latest offer so categorically. They should have at
least engaged in a constructive conversation with Pfizer on the
details of the offer to assess the opportunities that a combined
entity could bring." said Jupiter fund manager Alastair Gunn.
"There now seems little room left to manoeuvre with Pfizer
having ruled out a hostile bid. We will be expressing our
dissatisfaction to the AstraZeneca board over the way the bid
process has been handled up to now."
Pfizer had sought to create the world's largest drugs
company but met entrenched opposition from AstraZeneca, while
many British politicians and scientists had expressed worries
about cuts to jobs and research in Britain.
(Reporting By Jemima Kelly; Editing By Chris Vellacott)