Takeda puts forward new bid for Shire

Pharmaceutical

Takeda has put forward a new bid for Shire, increasing the cash portion of the deal.

Based on Takeda’s current market capitalisation, Shire’s shareholders would own around 49% of the new group.

“Takeda has put forward a new proposed bid for Shire, increasing the cash portion of the deal.“

The new bid proposal represents a premium of around 58%, replacing an earlier offer of £28.75 per share, and £17.75 per share in cash.

Takeda believe the new proposal would mean that Shire shareholders would hold a meaningful stake in a leading global biopharmaceutical company, and it represents an opportunity which will reflect an increase in value and a material increase in the cash component of the consideration mix.

Shire’s board is now considering its position and will make an announcement in due course.

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