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Shire Said in Advanced Talks to Acquire Drugmaker Baxalta

2016-01-03 22:20:46| Biotech - Topix.net

Shire Plc is in advanced talks to acquire Baxalta Inc. for about $32 billion in cash and stock, excluding debt, according to people familiar with the matter. The two drugmakers may announce a deal as soon as this week, the people said, asking not to be identified as the matter isn't public.

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Exclusive: Shire closer to deal to buy Baxalta - sources

2015-12-22 23:18:54| Biotech - Topix.net

Drug maker Shire Plc has made a new acquisition offer that is roughly in line with Baxalta International Inc's valuation expectations, making a deal in the coming weeks likely, according to people familiar with the matter. While the exact terms of the deal could not be learned, Shire has added enough cash to its previous all-stock offer for the negotiations to advance, the people said.

Tags: buy deal sources exclusive

 
 

Shire PLC (SHPG) to Post FY2020 Earnings of $19.63 Per Share, Leerink Swann Forecasts

2015-12-19 08:55:01| Biotech - Topix.net

Equities research analysts at Leerink Swann issued their FY2020 EPS estimates for Shire PLC in a research note issued to investors on Tuesday, Zacks Investment Research reports. Leerink Swann analyst J. Gerberry forecasts that the firm will post earnings per share of $19.63 for the year.

Tags: post share earnings plc

 

Exclusive: Shire prepares to make new bid for Baxalta - source

2015-11-25 19:18:47| Biotech - Topix.net

The London-listed group has asked its advisers to renew its bid effort, the source said, almost four months after Baxalta rejected an unsolicited $30 billion offer that it said significantly undervalued the company. Shire's bid preparations come three weeks after it announced its $5.9 billion purchase of U.S. rare disease specialist Dyax Corp on the offer which could be structured in cash and shares, the source said, cautioning that no deal was certain and negotiations could still fall through.

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Shire strikes $6.5 bn deal for US biotech firm Dyax Corp

2015-11-04 02:33:35| Biotech - Topix.net

Dublin-based drug maker Shire said it has struck an all-cash $6.5 billion deal for US biotech Dyax Corp., even as it chases a $30 billion deal for rare-disease rival Baxalta Inc. Dyax shareholders will receive an additional $4 a share if certain performance targets are met, which would increase the overall value of the deal by $646 million. Based in Burlington, Massachusetts, Dyax has specialized in the development of treatments for HAE, a rare genetic disease that can be life-threatening.

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