Takeda Pharmaceutical (TYO:4502) has sweetened its approximately $60 billion bid for Shire (NSDQ:SHPG) and is approaching a preliminary agreement for acquisition, according to a new report from Bloomberg.
The deal could come to a head as early as today, according to the report, as both companies have been working on a tentative agreement and price for the acquisition. Due to U.K. takeover rules, Takeda will be required to either announce its offer or abandon it by Wednesday afternoon, though the companies could seek an extension.
Read the whole story on our sister site, Drug Delivery Business
The post Report: Takeda raises $60B offer for Shire, nears prelim acquisition agreement appeared first on MassDevice.
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