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Takeda Secures TiGenix But Investor Shire Concerns Bubble Up

 
• By Ian Haydock

Takeda has closed its $630m acquisition of European regenerative medicine company TiGenix following a successful bid process, but is facing new pressure from a group of shareholders in Japan concerned about its planned purchase of Shire – valued at around 100 times that amount.

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TAKEDA TAKES IN TIGENIX BUT FACES INVESTOR CONCERNS OVER SHIRE DEAL • Source: Shutterstock

Takeda Pharmaceutical Co. Ltd. has acquired the European bioventure TiGenix NV following the close on May 31 of a first acceptance period for the cash bid, meeting conditions for the €520m ($630m) deal to close.

At the same time, Japan's largest pharma firm is facing a proposed motion from a vocal group of shareholders to its upcoming annual general meeting which, if approved, would require...

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