AstraZeneca (NYSE: AZN) Might Be Interested in Shire (SHPG)

Shares of Shire plc (NASDAQ: SHPG) are expected to open higher on Thursday after the stock jumped in European trading on rumors AstraZeneca (NYSE: AZN) could be interested in purchasing Shire. New chief executive Pascal Soriot on Tuesday said he would be restructuring parts of the company, including its research operations. AstraZeneca also announced recently that it was ending repurchases, a sign it is getting ready to shop, some say.

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