Form 8-K Shire plc For: Apr 18

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Go back to Form 8-K Shire plc For: Apr 18

Shire (SHPG) Comments on Proposals from Takeda Pharmaceutical

April 19, 2018 8:48 AM EDT

Shire (NASDAQ: SHPG) notes the announcement made by Takeda. The Board of Shire (the "Board") confirms that it has received three conditional proposals from Takeda regarding a possible offer for the Company, on 29 March 2018 (the "First Proposal"), 11 April 2018 (the "Second Proposal") and 13 April 2018 (the "Third Proposal").

The First Proposal comprised £28 per share in new Takeda shares, to be listed in Japan and in the US through an ADR listing, and £16 per share in cash, representing a potential value of £44 per share and approximately £41 billion for the total issued and to be issued... More