Takeda ups its offer for Shire

Takeda is interested in Shire the maker of Adderall because of the British company’s specialist areas

Takeda is interested in Shire the maker of Adderall because of the British company’s specialist areas

Takeda acknowledged its offer in a brief statement, confirming that the company did make.

Shire is considering a new offer from Takeda Pharmaceutical Co. after the Japanese drugmaker revised its roughly $60 billion bid for the biotechnology company once again.

It is understood that the two sides are likely to extend the deadline.

"Shire shareholders would also be entitled to any dividends announced, declared, made or paid by Shire in the ordinary course prior to completion of the possible transaction". Shire added that the deadline could be extended further, if needed.

The bid comes after Allergan was mentioned as a potential rival bidder for Shire late last week, however negative shareholder sentiment quickly forced Allergan's CEO Brent Saunders to rule out making a move for the Dublin-domiciled, UK-registered rare disease company.

Baby found dead in Jersey City identified, father arrested
The Richmond father of a two-year-old girl found dead in a suitcase was previously convicted after his 8-month-old baby drowned. While the cause of death is still pending, a preliminary investigation indicates Te'Myah died out of state, officials said.

Takeda's fourth proposal was worth £47 per share, £21 of which is cash and £26 in new Takeda shares.

A deal would be the largest ever overseas acquisition by a Japanese company and would propel Takeda, led by Frenchman Christophe Weber, into the top ranks of global drugmakers. Takeda was unavailable for comment.

Shire is based in Ireland but has most of its operations in Lexington and more than 3,000 workers in MA.

The previous offer would have given Shire shareholders a 51% controlling stake in the new Takeda entity, but the firm is now offering more cash, but a smaller 49% holding in the proposed merged company.

Allergan Plc AGN.N , the USA maker of Botox, had been considering a rival bid for Shire but ruled itself out of making an offer last week.

Latest News