Business Secretary Vince Cable has said the Government will show "even-handed neutrality" over Pfizer's bid for British-Swedish pharmaceutical firm AstraZeneca.
Answering questions in the House of Commons, Dr Cable said: "The Government must and will approach it from the position of even-handed neutrality and recognise that this is ultimately a matter for the shareholders of both companies."
He also sought to reassure MPs about the impact of any possible takeover on jobs, saying: "I and my colleagues across Government engaged early with both companies to make sure the outcome is positive for the UK."
Pfizer has until Monday until it admits defeat in bidding for AstraZeneca. But after the shenanigans of the past few days we cannot be sure.
AstraZeneca's share price is tumbling back down to earth after the board rejected a "final" Pfizer bid. So is the takeover really over?
Sweden's Finance Minister says the Government should be "very, very sceptical" about any promises the US pharmaceutical giant makes.