Shire rejects $63 billion Takeda bid as Allergan drops pursuit [Yahoo! Finance News]
SHIRE (SHPG)
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Source: Yahoo! Finance News
NEW YORK/LONDON (Reuters) - Rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan's Takeda Pharmaceutical Co Ltd , while Allergan Plc reversed course on pursuing a rival bid. An acquisition of Shire by Takeda would be by far the biggest acquisition of a drug company year-to-date. Botox-maker Allergan confirmed on Thursday it was considering an offer for Shire after Reuters reported on its interest, sending its shares down 7 percent.
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