25th Nov 2015 06:46
LONDON (Alliance News) - Shire is preparing to make a new takeover offer for US peer Baxalta, Reuters reported Tuesday, citing a source with "direct knowledge of the situation."
This comes almost four months after Baxalta rejected a previous unsolicited GBP20.0 billion offer Shire made, which it argued significantly undervalued the company.
Shire is working with Morgan Stanley, Evercore and Deutsche Bank on the offer, according to the report, which could be structured in cash and shares.
http://uk.reuters.com/article/2015/11/24/uk-baxalta-m-a-shire-idUKKBN0TD2XI20151124
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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