Press­ing for di­rect ne­go­ti­a­tions, Take­da adds cash to a meati­er $63B bid to buy Shire

Look­ing to whip up some en­thu­si­asm for its quest to buy out Shire, Take­da has sweet­ened its of­fer to £47 a share, adding £.5 with a big­ger stack of cash to tempt in­vestors with. CEO Christophe We­ber now says he can af­ford £21.00 in cash (to be paid in dol­lars) and £26.00 in shares.

That brings the to­tal to about $63 bil­lion, with an in­crease of 18% in the por­tion to be paid in cash.

Shire replied by say­ing that the board “is con­sid­er­ing its po­si­tion with re­spect to the Fourth Pro­pos­al and will is­sue a fur­ther an­nounce­ment in due course.” The board has al­ready turned their thumbs down on three ear­li­er of­fers, de­mand­ing to see a num­ber that would com­pel them to sit down at the bar­gain­ing ta­ble.

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