Pfizer: AstraZeneca takeover would retain British base

ITV News Business Editor Joel Hills reports on the latest on the speculation that US pharmaceutical giant will attempt another takeover of UK rival AstraZeneca.

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Pfizer already suggesting it would be committed to a presence in Britain. In 2011 it close R&D site in Sandwich where 2,400 worked.

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AstraZeneca one of those "economically important" companies governments cherish. 7,000 skilled staff + accounts for 2% of UK exported goods.

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US drugs giant Pfizer reveals AstraZeneca bid

US drugs giant Pfizer has confirmed details of a multi-billion pound takeover approach for the UK's AstraZeneca.