Thursday, May 1, 2014

Clearly Bristling -- AZ Chairman Makes His Case Against Pfizer's "Pirate" Takeover Tactics: Video!


So, this is clearly a hostile takeover -- just like the 1980s versions -- now only larger (even adjusted for inflation) than any pharma deal, in that time frame.

More and more, I think Ian Read is running a ruse, as a form of tax protest, here in the US. He is getting great main stream media ink -- all about how US corporate income tax rates need to come down. We agree. And we think the loopholes need closing too. In any event, here is the AZ video feed. In it, toward the middle, he mentions concerns about this being a tax-driven (i.e., risky) deal structure. We agree.



Yep -- this will be great theater. But I'd not expect a closed deal -- not in the next 18 to 24 months.

2 comments:

Anonymous said...

and then there's this:
http://www.bbc.com/news/business-27241795

Anonymous said...

Never underestimate the swiftness of government when it comes to getting more taxes! So long CT, cheerio London???