Takeda to buy Shire for $62B, creating state ’s largest drugmaker

Takeda Pharmaceutical Co. Ltd. has agreed to acquire Shire plc for $62 billion, creating what will be the largest life sciences employer in Massachusetts with more than 5,000 employees, barring layoffs. The companies announced the preliminary deal on Tuesday morning following weeks of back-and-forth negotiations. The talks played out in public thanks to a quirk of U.K. securities laws, which require listed companies like Shire to disclose takeover offers. The deal, which is subject to approval…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news