After keeping a low profile for a few months, Shire is back in the deal meal, again as the predator. Following the announcement to acquire ophthalmology player Foresight Biotherapeutics for $300m on 4 August, it has launched a c.$30bn hostile take-over bid on the US-based Baxalta after being rebuffed in private talks. Apparently, Shire had approached Baxalta in early July and the offer was rejected by Baxalta's management on 31 July.

06 Aug 2015
Shire pursuing Baxalta

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Shire pursuing Baxalta
Shires Income PLC GBP (SHRS:LON) | 274 -1.4 (-0.2%) | Mkt Cap: 109.2m
- Published:
06 Aug 2015 -
Author:
Kamla Singh -
Pages:
2 -
After keeping a low profile for a few months, Shire is back in the deal meal, again as the predator. Following the announcement to acquire ophthalmology player Foresight Biotherapeutics for $300m on 4 August, it has launched a c.$30bn hostile take-over bid on the US-based Baxalta after being rebuffed in private talks. Apparently, Shire had approached Baxalta in early July and the offer was rejected by Baxalta's management on 31 July.