Shire says Take­da has come up with a new buy­out of­fer as re­ports spot­light a loom­ing hand­shake deal

Shares of Shire are on the march back north this morn­ing fol­low­ing a re­port from Bloomberg that Take­da is with­in reach of a pre­lim­i­nary buy­out deal, which could come as ear­ly as to­day. And that piece was fol­lowed by a state­ment from Shire con­firm­ing that Take­da re­vised its of­fer for the com­pa­ny to­day — mark­ing its 5th pitch.

“The Board an­nounces that it has re­ceived a re­vised pro­pos­al from Take­da re­gard­ing a pos­si­ble of­fer for the Com­pa­ny on 24 April 2018,” Shire stat­ed. “The Board is con­sid­er­ing its po­si­tion. There can be no cer­tain­ty that any firm of­fer for the Com­pa­ny will be made nor as to the terms on which any firm of­fer might be made.”

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER