Takeda’s old guard loses a key battle against $62B Shire buyout — but a much bigger threat looms
The old guard of ex-Takeda staffers opposed to CEO Christophe Weber’s every move failed to gather much support for one of their proposals at the company’s annual meeting this week. And that signals the steep odds they face in trying to derail the $62 billion Shire merger.
Reuters reports that the group put up a proposal that advance shareholder support be needed for an acquisition, but only gathered 10%. The group — bitterly opposed to Weber’s mandate to take the 237-year-old Japanese company and forcibly shift its focus to the global economy — countered that it’s still working to win over key votes.
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