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.
He had such a huge impact on this game with putting fouls on Steven Adams and just owning the paint on the defensive side. "When you have somebody who's that focused, regardless of how he said it or what he said, he's serious about it.
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.
Not only is Brady coming back, which seemed to be not as clear to some, but he could possibly return with a new contract. In the event that the quarterback has a change of heart, it could be seen as a disaster for the Patriots dynasty.
Developments in the past two days point to consolidation of non-Congress votes, led by JDS and BJP, defeating the ruling party. The CM stated that he is least bothered as to who will contest against him in the upcoming state assembly election.
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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.
What was the motive for the shooting? Cooper's statement came in the wake of a shooting at a Waffle House restaurant in Nashville. Authorities suspect that the gunman, who is still on the loose, may have two weapons on him: a long gun and a handgun.
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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.
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.
Marquez has won the Texas race five years in a row and Sunday will be the first time he doesn't start in pole position. The Suzuki man's time in the lead proved short-lived however, as Marquez got by at Turn 12 on the opening lap.
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.
It's this particular story thread that feels like too much of a retread of Season 1 and all of the show's worst impulses. There are, of course, some brand new mysteries for Season 2, such as Bill's new game, finding "the Door".
In addition, the president will be able to declare a state of emergency, a power now held by the government. Aksener had announced her intention to run against Erdogan and was seen as a strong candidate.
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 .
Spurs froze and failed to test David de Gea as they were suffocated by a compact United side and their own mentality. Pochettinoplayed down the importance of winning the FA Cup compared to a Premier League title or Champions League.
"This is the story of our relationship", said macron, referring to the landing of allied troops in Normandy in 1944. About this politician said in an interview with Fox News. "We will have to build a new Syria after war".
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.
He is a big fan of 30-year-old Hoffenheim manager Julian Nagelsmann and Shalke's Domenico Tedesco, who is just two years older. Everton have tabled a "huge offer" to Jack Wilshere as they look to win the race for his signature, according to a report .
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.
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.
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.