21st Dec 2015 06:41
LONDON (Alliance News) - Biopharmaceuticals giant Shire PLC is preparing to add a GBP8.0 billion cash sweetener to its bid to buy US rival Baxalta, The Sunday Times reported.
Citing senior City sources, the newspaper report said Shire's move will revive a GBP20.0 billion takeover plan for the target.
Up to 40% of the GBP20 billion offer could be comprised of cash, said sources close to the talks told the Sunday Times.
http://www.thesundaytimes.co.uk/sto/business/Companies/article1647289.ece
By Samuel Agini; [email protected]; @samuelagini
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