Takeda to buy Shire in record deal

Shire share price rallies as pharmco agrees £46bn deal with Takeda

Takeda, which unusually for a Japanese company is headed by a foreign chief executive, Christophe Weber, was under pressure from United Kingdom regulators to make a firm offer for Shire by Tuesday, to extend the deadline or abandon the deal.

Japanese pharmaceutical company Takeda announced Tuesday it would buy Shire for $62.4 billion in cash and stock in a deal that could cause some uncertainty at Takeda's USA headquarters in Deerfield. According to MarketBeat, Shire now has a consensus "buy" rating and an average price target of 4,585.75p.

Takeda said the transaction will bring in savings of about $600 million in duplicated research and development costs.

The combined company plans to complement Takeda's areas of therapeutic focus-namely oncology, gastroenterology, and neuroscience therapeutic areas plus vaccines-with Shire's strengths in rare diseases and other areas.

The deal values Shire at £46 billion ($62.1 billion), excluding debt, according to the companies.

Takeda said that it may reduce the combined workforce by 6 per cent to 7 per cent in the three years, post closing.

The price tag has alarmed investors in Takeda: Its shares are down 18% since it first revealed it was considering an approach for Shire in late March. Shire had rejected four previous offers, due to price concerns and the fact that the Japanese company is proposing to pay for much of the acquisition in stock.

The deal increases Takeda's exposure to the USA, the world's biggest pharmaceutical market.

Brighton match is a final for Liverpool says Klopp
Olivier Giroud's victor , headed home before half time, puts Chelsea two points behind Tottenham and three off Liverpool . With a fight for top four as well as relegation to be decided, the final week of the season promises to be captivating.

Takeda Pharmaceutical Co.'s largest acquisition would catapult the company into the top 10 within the global pharmaceutical industry.

"Shire's highly complementary product portfolio and pipeline, as well as experienced employees, will accelerate our transformation for a stronger Takeda", said Takeda CEO Christophe Weber.

In 2011 it took over Swiss rival Nycomed for 9.6 billion euros ($13.6 billion at the time).

A completed deal would dwarf Softbank's US$40 billion purchase of Sprint in 2013, which ranked as the biggest takeover by a Japanese company.

In a separate statement today, Takeda said it will continue to focus on growing its oncology portfolio, which along with its hematology holdings expanded past year when Takeda acquired Ariad Pharmaceuticals for $5.2 billion.

The takeover is set to come into effect in the first half of 2019.

"Over the last 30 years, Shire has become the global leader in treating rare diseases, delivering innovative products that transform patients' lives", said Shire chairman Susan Kilsby.

Related News:

  • Fed rate review: United States  central bank sending out mixed message

    Fed rate review: United States central bank sending out mixed message

    The Fed also removed a sentence from the March statement which said, "The economic outlook has strengthened in recent months". The Fed has been predicting inflation would pick up for several months after it unexpectedly fell in the latter half of 2017.
    Facebook To Launch Online Dating Service

    Facebook To Launch Online Dating Service

    The optional feature will be for finding long-term relationships, "not just hook-ups", Zuckerberg reportedly said. Users will also be able to discover one another through common interests, groups, or events they wish to attend.
    China is aiming lasers at United States  military pilots in Africa, Pentagon says

    China is aiming lasers at United States military pilots in Africa, Pentagon says

    Several nations claim parts of the resource-rich South China Sea, but recent years have seen Beijing reasserting its claim . The US military has been grappling with lasers being pointed at aircraft for decades.
  • Trump slams West Virginia GOP Senate candidate Blankenship

    Trump slams West Virginia GOP Senate candidate Blankenship

    The former CEO of Massey Energy served a year in prison for his involvement in the deadly Upper Big Branch mine explosion. Manchin has been a top GOP target since at least November 2016, when Trump won the state with 68.7 percent of the vote.
    Legendary manager Ferguson undergoes surgery for brain haemorrhage

    Legendary manager Ferguson undergoes surgery for brain haemorrhage

    Aberdeen , the club he managed before his managerial move to England, sent its "thoughts and prayers" as did Tottenham Hotspur. Sir Alex Ferguson , former Manchester United manager, on Saturday underwent an emergency surgery for brain haemorrhage.
    How Many Essentra plc (LON:ESNT)'s Analysts Are Bearish?

    How Many Essentra plc (LON:ESNT)'s Analysts Are Bearish?

    The Los Angeles Capital Management & Equity Research Inc holds 77,307 shares with $1.99M value, up from 33,822 last quarter. Schroder Inv Mngmt Grp invested in 0% or 23,811 shares. 123 are owned by Old Second Comml Bank Of Aurora.
  • Theory Debunked: King Tut's Tomb Has No Hidden Chambers

    Theory Debunked: King Tut's Tomb Has No Hidden Chambers

    They believe the painted plaster walls that cover the limestone may have conducted the radar in places, instead of absorbing it. Francesco Porcelli of the Polytechnic University of Turin presented the findings at an worldwide conference in Cairo .
    WhatsApp Message Bombs Crash App, Android Phone

    WhatsApp Message Bombs Crash App, Android Phone

    WhatsApp application is freezing but the black dot is not the actual culprit here, there is a small hidden trick in this message. The message also consists of a black icon, clicking on which will freeze the app or make it unresponsive.
    Taiwan celebrates Cinco de Mayo this week

    Taiwan celebrates Cinco de Mayo this week

    It also has some tropical flavors that lead to increased social activity and giggling, which are ideal for Cinco de Mayo . CINCO DE MAYO DINNER - Celebrate Cinco de Mayo with fajitas, tacos, beans and taquitos while supporting veterans.
  • Jason Day storms into Wells Fargo Championship lead

    Jason Day storms into Wells Fargo Championship lead

    Woods three-putted twice for bogey, including the par-3 sixth hole when he had a downhill birdie chance from about 18 feet. Northern Ireland's Rory McIlroy enjoyed a third round 66 which leaves him in a group of nine at three under.
    U.S.  warns China of 'consequences' over militarization in South China Sea

    U.S. warns China of 'consequences' over militarization in South China Sea

    However, Chinese foreign ministry spokesperson Hua Chunying neither confirmed nor denied the deployment. It builds civil facilities there as well as airstrips to allow military planes to land.

    How to watch National Basketball Association playoffs online and on TV

    INJURY UPDATE: Warriors wing player Patrick McCaw hasn't played since the end of March because of a lumbar spine bruise. If New Orleans can get that kind of production from its core at home, a win could very likely be in the cards.


Most liked

Nikol Pashinyan is elected Prime Minister of Armenia
A year later Pashinian was elected to the National Assembly on the ticket of Ter-Petrosian's Armenian National Congress (HAK). In a referendum in 2015, Armenia adopted constitutional changes to move the powers from the president to the prime minister.

Compass Group PLC (LON:CPG) Analyst Ratings as of May 6, 2018
Voya Investment Management Limited Liability Corporation holds 0% or 36,058 shares in its portfolio. In Friday, February 9 report Numis Securities maintained it with "Hold" rating and GBX 1650 target.

Lebanon's PM Hariri says parliament bloc down by a third
But shortly after returning to Beirut, he withdrew his resignation and mended broken fences with Hezbollah. "Who knows", she said. Under the terms of the new law, voters cast two votes, one for a list of candidates and one for a single preferred candidate.

Sonam Kapoor & Anand Ahuja Mehendi Pics: Dazzling Couple Kickstart This Starry Evening!
She shared this below picture and captioned it as, "The stunning @sonamkapoor at her mehendi #EverydayPhenomenal #sonamkishaadi". Sibling Rhea Kapoor picked a flowy creation by Abu Jani Sandeep Khosla named Gulabo, which was in off white with golden accents.

Facebook Users Undeterred by Privacy Scandal
Despite the scandal and the investigations user growth on Facebook does not seem to have been affected. Here's what you need to know about the Cambridge Analytica and Facebook data siphoning fiasco.

Air France-KLM shares drop following chief's resignation
In the wake of the rejection of Janaillac's pay deal to Air France staff, a two-day strike over May 7 and 8 has gone ahead. France's economy minister on Sunday warned that the survival of Air France was now in the balance and could "disappear".

The face of defeat: Tony Bellew stops David Haye in fifth round
Both men were given the same £2.5m guarantee in their first fight, although Haye reportedly came away with a whopping £4.2m. Tony "Bomber" Bellew and David "The Hayemaker" Haye face off again tonight for their eagerly anticipated rematch.

Man in India dies while watching 'Avengers: Infinity War'
The juggernaut was the fastest ever to cross the $1 billion mark globally, doing so in just 11 days of release on Saturday. Although critics were not especially won over by " Overboard ", audiences gave the film a more favorable A- CinemaScore.

'Storm's a-coming baby!': Watch Stormy Daniels surprise appearance on SNL
Daniels and Baldwin's Trump have a somewhat vulgar exchange before the President tells her to drop the "act". Trump had previously said he was unaware of any payments to Daniels, whose given name is Stephanie Clifford .

IPL: Mumbai Indians put Kings XI Punjab in to bat
However, KXIP lost their way in the middle overs with Nair and Axar Patel (13 off 12) getting out after promising starts. Kings XI Punjab openers, Chris Gayle and Lokesh Rahul began on a great note and stitched together a decent 54-run stand.

EPL: Guardiola confirms Yaya Toure's exit
On Sunday City host Huddersfield, when Guardiola's men will be presented with the Premier League trophy. The 34-year-old will make his final appearance against Brighton on May 9.

Kris Jenner opens up about Kanye West's recent behaviour
He said West's answer was simple. "[I was] stressing things that create validation that I didn't need to worry about as much". The Game has been a frequent collaborator of the 40-year-old's, with West producing his 2005 debut album "The Documentary".

Trump orders Pentagon to consider reducing United States troops in South Korea
The three individuals - Kim Dong-chul, Kim Hak-song and Kim Sang-duk - are the last Americans being held by the reclusive nation. The other two, Kim Sang-duk and Kim Hak-song, were arrested in North Korea in April and May previous year .

Uprooted… Macron's oak tree for Trump vanishes
News photographers snapped away Monday when Trump and Macron shoveled dirt onto the tree during a ceremonial planting on the South Lawn.

Trade talks between U.S. and China aim to 'level playing field'
Lighthizer and Navarro favor a tough, broad-based approach to China and the use of tariffs as leverage, while Messrs. China says it will start levying tariffs on $3 billion of USA imports including fresh fruits, nuts, wine and pork.