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APR 30, 2014 - Yahoo! News

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GSK says staying on sidelines in Astra, Pfizer fight

By Ben Hirschler LONDON (Reuters) - GlaxoSmithKline is just an "interested observer" as U.S. drugmaker Pfizer battles to win British rival AstraZeneca in a potential $100 billion deal, GSK's chief executive said on Wednesday. Andrew Witty said he hoped Pfizer would take a "rational" decision to keep drug research in Britain if the deal went through, but he played down the idea that GSK might intervene as a "white knight" counterbidder.

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