Ex-BoE man highlights alleged ‘insider trading bonanza’ at Astra
by Robert St George*Apr 30, 2014 at 14:58
A former senior adviser to the Bank of England has highlighted unusual trading patterns in*AstraZeneca*before it publicly disclosed a takeover approach from Pfizer.
AstraZeneca revealed on Monday that Ian Read, chairman and chief executive of Pfizer, had first contacted it on 25 November 2013 to ‘discuss a combination’.
AstraZeneca subsequently staged ‘an exploratory meeting’ with Pfizer on 5 January 2014 in New York. Neither event was announced to markets.
by Robert St George*Apr 30, 2014 at 14:58
A former senior adviser to the Bank of England has highlighted unusual trading patterns in*AstraZeneca*before it publicly disclosed a takeover approach from Pfizer.
AstraZeneca revealed on Monday that Ian Read, chairman and chief executive of Pfizer, had first contacted it on 25 November 2013 to ‘discuss a combination’.
AstraZeneca subsequently staged ‘an exploratory meeting’ with Pfizer on 5 January 2014 in New York. Neither event was announced to markets.