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Sweet Enough? Takeda Raises, Adds Cash To Shire Offer

 
• By Ian Haydock

Takeda has further bumped up its offer for acquisition target Shire, raising the per share price and cash component, in what the Japanese firm says is a “compelling” proposal worth well over $60bn. Will it be fourth time lucky?

Business teamwork puzzle pieces.
TAKEDA SWEETENS SHIRE OFFER • Source: Shutterstock

The saga for the potential acquisition of Shire PLC continues, with main suitor Takeda Pharmaceutical Co. Ltd. raising further its offer on April 20 as it pursues its larger quarry, also sweetening the terms with a bigger cash component.

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