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Shire & Baxalta Seal The Deal

 
• By Lucie Ellis-Taitt

Shire PLC and Baxalta Inc. shareholders have both voted in favor of the latter's sale to rare disease focused Shire for a price tag of $32bn – closing an almost year-long deal discussion.

Both companies held general meetings on May 27 to vote on the proposed merger that will see Baxalta stockholders, who were initially reticent of a merger arrangement, receive $18.00 in cash and 0.1482 Shire ADS per Baxalta share – the deal agreed back in January 2016.

Shire CEO Dr. Flemming Ornskov said in a statement, "[We are] grateful that our shareholders have voiced their support by approving this transaction

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