Takeda renews bid to acquire Shire as deadline looms

24 April 2018

Mid-afternoon on Tuesday, a tersely-worded statement from takeover target Shire (LSE: SHP) revealed the London-listed firm had received a fifth offer from Takeda Pharmaceutical (TYO: 4502).

Takeda confirmed the negotiation, while revealing no details. The Japanese drugmaker’s last offer, on Friday, valued the firm at £47 ($66) per share, or £44.3 billion in total.

Meanwhile Shire, which saw its share price jump 5% on the news, cautioned that: “There can be no certainty that any firm offer for the company will be made nor as to the terms on which any firm offer might be made,” adding simply that the board was “considering its position.”

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