20th Apr 2018 06:56
LONDON (Alliance News) - Botox-maker Allergan PLC "does not intend to make an offer" for Shire PLC, The Financial Times reported, after Allergan's shares dropped 8.5% in New York in response to the news it was considering a bid for the Irish drug maker.
https://www.ft.com/content/6283546c-43ae-11e8-93cf-67ac3a6482fd?segmentId=080b04f5-af92-ae6f-0513-095d44fb3577
On Thursday, Allergan said it is in the "early stages" of considering an offer to buy Shire, also the subject of interest from Japan's Takeda Pharmaceutical Co Ltd. Allergan stressed that no offer has been made and that there can be no certainty an offer will be made.
Allergan said it is in the process of "evaluating a full range of potential strategic actions" that will creat value for shareholders.
Related Shares:
Shire