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Shire recommends Takeda’s offer

Shire recommends Takeda’s offer

Shire’s (SHP) board has finally agreed to Takeda’s (JP:4502) takeover, after six weeks and five separate bids. Under the terms of the offer, current Shire shareholders will receive $30.33 (£22.34) and either 0.839 new Takeda shares or 1.678 Takeda American Depository Shares. With a total value of £46bn, the offer is a comfortable premium to the closing market capitalisation on the day prior to Takeda’s first proposal.

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