Shire Rejects Multiple Equity-Loaded Takeda Offers, Allergan Declines To Bid

Takeda's most recent offer for Shire had an estimated total value of $61bn, but likely included too much equity and too little cash. The companies continue negotiating as an April 25 deadline looms, while Allergan stated it won't bid for Shire.

Businessman comparing two documents, neutral background

Takeda Pharmaceutical Co. Ltd.'s interest in acquiring Shire PLC persists despite the latter's sell-off of its cancer business earlier this week, but the Japanese pharma simply may lack the cash to structure a buyout offer that will be acceptable to Shire's board and shareholders.

Both companies confirmed April 19 that discussions around a Takeda/Shire combination continue, with an April 25 deadline at noon London...

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