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Takeda's considering turning up the heat on its bid for Shire

Lydia Ramsey   

Takeda's considering turning up the heat on its bid for Shire
Stock Market1 min read

Christophe Weber, Takeda

REUTERS/Issei Kato

Takeda CEO Christophe Weber

  • Takeda is considering a new bid for Adderall drugmaker Shire, raising the share price to 47 British pounds (about $66) per share up from 46.50 per share (about $65), Bloomberg reported Friday.
  • Shire has already turned down three offers from the Japanese pharmaceutical company, the last of which was a 50% premium on Shire's stock price on March 27
  • Interest in Shire almost turned into a bidding war between Takeda and Allergan before Allergan pulled out just four hours after initially expressing interest in a potential deal.

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