The new proposal marks at least the fifth attempt by Takeda to woo Shire since it first expressed interest in a takeover less than four weeks ago.
The new offer of £49/share (up 4% from Friday's £47/share, up 11% from initial bid) comprises £21.75 cash, with the remaining £27.26 in newly issued Takeda shares. That rings up at 0.839 new Takeda shares and $30.33 for each Shire share - or close to $65 billion, with Takeda tacking on about $2.5 billion.
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Any deal between the two companies is still subject to the resolution of several issues, including completion of due diligence by Shire on Takeda, Shire said. BNP Paribas restated an outperform rating and set a GBX 4,700 ($65.55) price target on shares of Shire in a research note on Monday, April 9th. Thursday also saw traditionally M&A-happy Allergan reveal that it had muscled its way into a spot at the dealmaking table, only to turn around and walk away a few hours later, to the market's great relief.
Shire, which rebuffed the first three Takeda approaches, saw its shares rise almost 4% in afternoon trading.
S&P Global Ratings has said the acquisition could hurt Takeda's credit score. Prior to Takeda's approach, Shire was already considering divestments and a split in its operations.
The deal would represent Takeda's biggest-ever takeover, according to Japanese media.
The companies now have until May 8 under an extended deadline to thrash out the finer points of the deal and while Takeda kicks the tyres at Shire before its board gives final approval.
LONDON, April 25 (Reuters) - The prospect of a £64 billion bid for British drug maker Shire failed to lift the United Kingdom stock market on Wednesday as worries about rising US bond yields continue to drag global markets down. But not by the direction of Takeda's share price, which they are nearly certain to be watching closer than to their own stock.
Among 14 analysts covering Shire (NASDAQ:SHPG), 11 have Buy rating, 0 Sell and 3 Hold.
Weber was promoted to CEO in 2015, becoming the drugmaker's first non-Japanese boss. If the takeover occurs, then it would be one of the biggest acquisitions in the sector.
The N Chandrasekaran-led company reported a revenue growth of 8.2 percent at Rs 32,075 crore in the 1st 3 months this year. With new market-cap, TCS is now worth one-third of the total Budget expenditure of India - as proposed in Budget 2018-19.
It was because of Wenger's success at the Arsenal that opened the door for Jose Mourinho's dominant Chelsea teams. New York City FC head man Patrick Vieira is being called the front-runner and favourite by multiple outlets.
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The other accused including Sandeep Dange, Ramchandra kalsangara and Amit Chouhan are on run while Sunil Joshi was murdered. The incident had triggered violent protests and riots, prompting police action in which five more people were killed.
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Trump told Putin he would be happy to make a reciprocal visit to Russian Federation , the RIA news agency quotes Lavrov as saying. Trump, along with allies the United Kingdom and France, ordered the bombardment following an alleged chemical attack in Douma.
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Samara is one of 11 host cities for the June 14-July 15 tournament and will host six games, including a quarterfinal. Last year, Spartak Moscow and rivals Dynamo Moscow were both fined by the RFU for racist behaviour from their fans.
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After Portman's refusal, the Genesis Prize Foundation chose to cancel the ceremony, stating that the organizers "fear that Ms. Israeli politican Rachel Azaria said Portman's decision was a reflection of changing attitudes towards Israel among US Jews.
This match is going to be interesting as both the teams need desparate victories as this point of time. It is Rajasthan Royals vs Mumbai Indians today (April 22)! Also bowls and is electric in the field.
The shooting was the nation's deadliest since a gunman attacked an elementary school in Newtown, Connecticut, over five years ago. That event will involve a meet-and-greet with legislators, student speeches, music and on-site voter registration.
Since the 1959 revolution, when Fidel Castro seized power on the Caribbean island, Cubans have only known one handover of power. Fuel was scarce so he cycled to work wearing shorts instead of commuting by Soviet-made Lada cars like other party leaders.
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Or at least that's the view of Brazilian legend Rivaldo , who has identified the flawless club for his compatriot: Real Madrid . However, PSG's European Campaign this season was a disappointment as they were knocked out by Real Madrid .
On Earth Day 2016, the landmark Paris Agreement was signed by the United States, China, and some 120 other countries. Since being shared just four hours ago, his Earth Day tweet has collected over 1,000 likes and much appreciation.
Grassley has said he's undecided on whether to support the bill himself, based on the question of whether it's constitutional. His logic is that the bill isn't necessary because he doesn't believe that Trump is planning to fire Mueller.
He guided Massillon to consecutive 10-0, undefeated seasons in 1964 and 1965 before rejoining Hayes' staff at Ohio State in 1966. Earle Bruce , who followed the legendary Woody Hayes as coach of the Ohio State Buckeyes, died early Friday at the age of 87.
Though the Kings have outhit the Knights virtually in every game, it is not having an effect on the Knights whatsoever. He refused to give them hope, stopping pretty much everything he should have, plus some of the ones he shouldn't.
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There are about 156,000 Americans who die every year from lung cancer, making it the deadliest cancer in the country. It seems that the only condition for this therapy to work is to treat cancer patients before they have surgery.