4th Jan 2016 06:46
LONDON (Alliance News) - Irish drugmaker Shire PLC is in advanced talks to acquire US-based Baxalta Inc for around USD32.0 billion in cash and shares, with a deal potentially set to be announced later this week, Bloomberg reported.
People familiar with the matter told Bloomberg the pair are talking about a deal between USD46.50 and USD48.00 per share for Baxalta, though the final details of the transaction are still be negotiated.
Shire made an unsolicited USD30.0 billion all-stock bid for Baxalta in July, which was rejected, but Baxalta is understood to be more amenable to a deal involving a higher proportion of cash, the news service said.
http://www.bloomberg.com/news/articles/2016-01-03/shire-said-in-advanced-talks-to-acquire-u-s-drugmaker-baxalta
By Sam Unsted; [email protected]; @SamUAtAlliance
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