Takeda To Buy Shire For $62.2 Billion

JAPAN-IRELAND-PHARMACEUTICAL-TAKEOVER-SHIRE-TAKEDA

Takeda, founded in Osaka in 1781, wants Shire, a specialist in the treatment of rare conditions, to help it expand globally - especially in the U.S. - as it faces down the prospect of weaker drug prices in its home market.

Takeda's present portfolio includes core treatment for cancer, gastrointestinal and neurological ailments.

The transaction gives Takeda, a maker of cancer and gastroenterology drugs, greater access to the United States market, while Shire will get greater exposure in Japan and emerging markets.

"I think it is a good deal for Shire shareholders but not everybody may think that". Supporting Weber's mission, he also claims that the deal could help create better drugs for patients too.

The enlarged group will be a Japanese national champion in pharmaceuticals and a leader in gastroenterology, neuroscience, oncology, rare diseases and blood-derived therapies, used for serious conditions such as haemophilia.

Takeda, led by Frenchman Christophe Weber, has been actively looking overseas for acquisitions.

Unemployment is below 4% for the first time since 2000
In Alaska, March was the 29th consecutive month of job losses recorded by the State Department of Labor and Workforce Development. Labor Department cited better-than-average unemployment claims in ME and Colorado as a mark of the strong numbers.


It seems Takeda has finally managed to win Shire over, as the UK-based pharmaceuticals giant today unanimously recommended that its shareholders approve Takeda's offer. And it brings to a close a tense bidding saga that saw the Adderall-maker reject Takeda's advances four times over.

Takeda has agreed that up to three Shire directors will join the company's board once the acquisition is completed.

As part of the merger agreement, Shire shareholders will be entitled to receive $30.33 in cash for each Shire share owned and 0.839 shares either 0.839 new Takeda shares or 1.678 new Takeda ADSs, according to Takeda. Takeda's existing shareholders are facing a hard time as their stake will be reduced to half. It represents a 60 per cent premium to Shire's closing price on March 27, before Takeda disclosed its interest. The Tokyo-listed pharmaceutical company's stock dropped 1.7% to 4,460 yen on Monday, a third straight fall session.

Based on regulations in Britain's stock exchange, where Shire is now listed, the two drugmakers have extended the deadline for announcing whether they will formally propose the acquisition from 5 p.m. on April 25 to 5 p.m. on Tuesday London time.

Takeda will fund the cash portion of the proposed acquisition, through a $31-billion bridge loan facility secured from JPMorgan Chase Bank, Sumitomo Mitsui Banking Corp and MUFG Bank, among others.

Related News:

  • Mystery pooper near high school track was actually a local superintendent

    Mystery pooper near high school track was actually a local superintendent

    Tramaglini was charged with public defecation, public lewdness and dumping litter, in response to municipal courtroom data. The school superintendent was caught on Monday following an early morning run at Holmdel High School's athletic facilities.
    WWE Spoilers: Final card for Backlash 2018

    WWE Spoilers: Final card for Backlash 2018

    Welcome to Ringside News' coverage of the 2018 Backlash PPV, which is a cross-brand event. In case you're not caught up, don't worry; we put the final results in spoiler blocks.
    Thanos Wipes Out Box Office Competition as Avengers Dominates Week 2

    Thanos Wipes Out Box Office Competition as Avengers Dominates Week 2

    Down 36%, the latest Dwayne Johnson hit has amassed $85 million domestically and an additional $293 million from global markets. Way back in second place was the remake of the 1987 Garry Marshall comedy Overboard with $14.75 million from 1,623 screens.
  • Trump deflects gun violence, compares London to 'war zone'

    Trump deflects gun violence, compares London to 'war zone'

    Trump said he had been warned by political advisers that appearing before the NRA might not be popular in the current climate. It doesn't make sense that I have to wait until I'm 21 to get a handgun, but I can get this weapon at 18".
    Police Question Native American Teens Touring Colorado State

    Police Question Native American Teens Touring Colorado State

    However, the university says the tour guide was unaware they had stepped away and continued without them. The school would like to reimburse the boys for any travel expenses, Frank said.
    More people could be charged in NXIVM cult case

    More people could be charged in NXIVM cult case

    Authorities have stated the Raniere had a "rotating group of 15-20 women with whom he had sexual relationships". Since the arrests, more and more women have come forward, detailing the horrific abuses they were subjected to.
  • Luke Cage Trailer 2: Power Man Meets His Match

    Luke Cage Trailer 2: Power Man Meets His Match

    The trailer revealed that she and Luke Cage will now be teaming up, even if neither of them agree to be a sidekick to the other. It looks like it'll be about as good as the first season - but hopefully a bit better, as it seemed to drag on at the end.
    Build 2018: Microsoft brings Windows 10 Timeline feature to Android and iOS

    Build 2018: Microsoft brings Windows 10 Timeline feature to Android and iOS

    A preview of Project Brainwave , an architecture for deep neural net processing, is now available on Azure and on the edge. For developers, UWP will work with Sets from the start, helping to keep customers engaged.
    Rajasthan, Punjab keen to bounce back

    Rajasthan, Punjab keen to bounce back

    Aussie allrounder Marcus Stoinis added some polish to the Kings XI innings, blasting 29 from just 15 balls including two sixes. Kings XI Punjab is one of the founding franchise team in Indian Premier League or IPL but they yet to touch any title of it.
  • Pelosi Sees Risks for Democrats Seeking Trump's Impeachment

    Pelosi Sees Risks for Democrats Seeking Trump's Impeachment

    So there is Pelosi - on video - appearing to confirm she would try to raise taxes if Democrats win back the majority. "Yeah. If we hadn't won, you might have a question, but we won - the "D" next to his name was very significant".
    Rap superstar J. Cole is coming to Minneapolis

    Rap superstar J. Cole is coming to Minneapolis

    The trek officially commences August 9th in Miami and runs through mid-October. The top charting artist released a new album, " KOD ", on April 20.

    Oil near 2014 highs on Iran tensions, Venezuela crisis

    The rationale is obvious: the higher the price of oil the more attractive Aramco would be for investors. But U.S. output has soared by more than a quarter in the last two years, to 10.62 million bpd.


Most liked

Ohio State QB Burrow to transfer
Although coach Urban Meyer didn't declare a front-runner for the job, both he and Burrow admitted decisions would need to be made. Burrow, who graduated from Ohio State last weekend, now can transfer penalty free as a graduate student.

NY Attorney General Eric Schneiderman Steps Down in Response to Assault Accusations
Earlier, Schneiderman issued a statement denying that he had assaulted anyone or that he had ever engaged in non-consensual sex. Multiple New York state reporters say the legislature may choose Helene Weinstein, a longtime member of the state Assembly.

New Orleans Saints RB Mark Ingram suspended four games
The suspension could prove even more costly if he was angling for a lucrative contract extension before the season kicked off. However, it was expected to remain a 1A/1B situation after that worked out so well previous year for the NFC South champions.

Theron connects with role in Tully
All of which this latest collaboration between writer Diablo Cody and director Jason Reitman nails with harrowing accuracy. A mother of two toddlers with another about to be born, Marlo (Theron) is stressed out to the point of totally loosing it.

Trump Urges West Virginia Voters To Oppose Republican Don Blankenship
And the similarities are unmistakable. "Most of these states did support Trump by more than just a few points". Trump would measure in the competition in any respect underscores how alarmed party officials are about Mr.

Gina Haspel tried to withdraw his candidacy to head the Central Intelligence Agency
Haspel was later involved in the CIA's destruction of some 100 videotaped recordings of those interrogation sessions. Former agency director Mike Pompeo , the new secretary of state, also faced scrutiny during his nomination process.

Bournemouth 1 Swansea City 0: Swans' Premier League status in real danger
The first of their two remaining games is against Southampton , in a clash which could decide the fates of both teams. Carvalhal is well aware of the importance of three points against Southampton .

Chelsea closes on top four with win over Liverpool
The Italian said: 'One month ago it was impossible to imagine we'd arrive at the end to fight for a place in the Champions League. Liverpool nearly found an equaliser late on, but substitute Dominic Solanke could only manage to head over.

Hawaii Volcano Spews Lava and Smoke Causing Residents to Evacuate
Hawaiian Volcano Observatory spokeswoman Janet Babb said the earthquakes reflected the volcano adjusting to the shifting magma. A 5.6 magnitude quake hit south of the volcano, which was followed by a larger 6.9-magnitude temblor, according to the USGS.

Trump's gun speech sparks fury in UK, France
Britain's government effectively banned handgun ownership in England, Scotland and Wales after a school shooting in 1996. The sketch centres on a legal deal to keep her quiet - although Mr Trump denies any affair.

Trump Ends Temporary Amnesty for 50K Honduran Nationals
Around 437,000 immigrants from 10 countries affected by extreme violence or disasters have temporary protected status . And some, I assume, are good people", he said at the time . "There is no way I will go back", Connor said.

Twitter Urging All Users to Change Passwords ASAP
If you have forgotten your Twitter password , you can reset it by clicking on the "Forgot password ? link in the login screen". As a solution, the developers have "removed the passwords and are implementing plans to prevent this bug from happening again".

President Buhari returns to Abuja after official visit to US
Trump is seen grinning next to Buhari as the Nigerian leader signs an unknown agreement with a smile. And you do have some countries that are in very bad shape and very tough places to live in".

After latest licking incident, Brad Marchand is warned by National Hockey League
This is Cooper's 10th National Hockey League playoff series since 2013-14, all with Tampa Bay, and his first against Boston. We're going to miss Torey, obviously, he's a good player for us. "We'll have to look at how it played out (Friday) night".

Mookie Betts returns to starting lineup for Red Sox, hits 3 HRs
Texas is 6-20 in its last 26 at home and 1-4 in its last five at home against opponents with road winning percentages over.600. For the visitors, Boston's pitching staff allowed 3.6 runs per game and its starters own a 3.22 ERA, 1.15 WHIP and 9.09 K/9.