Shire, Takeda reach breakthrough in $64 billion deal talks [Reuters (UK)]
SHIRE (SHPG)
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Source: Reuters
Shire, Takeda reach breakthrough in $64 billion deal talks | Reuters 4 Min Read LONDON/NEW YORK (Reuters) - London-listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion). The development, first reported by Reuters earlier on Tuesday, represents a major breakthrough for the companies in their negotiations, following a pursuit that started on March 28 when Takeda said it was considering a bid for Shire. Since then, Takeda has made five offers, the latest earlier on Tuesday. Shire said in a statement it had agreed to extend a Wednesday regulatory deadline for the deal talks to conclude to May 8 in order to allow Takeda to carry out more due diligence and firm up its bid. Shire added that the deadline could be extended further, if needed. Any deal between the two companies is still subject to the resolution of several issue
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