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Thats a relief , I was tempted to sell some on Friday but if it opens around �42 will have been well worth the worry and the wait.
Big buys going through and the market hasn�t opened yet,
Price now up to 42 pounds at 07:45.
Japan�s Takeda agrees to buy Ireland�s Shire in �46bn pharma deal
It ended up �39.68 and that is after every report saying that the deal will be done. I can only guess that takeda may want another extension which has pegged back the SP but hopefully the deal will be done tomorrow.
Well if the deadline is for tomorrow. i am still surprised the difference in SP. � 49 Pounds to � 40 Pounds (if we reach tomorrow). I would expect it to be around � 45-46 by now. Any guesses.
No bank holiday in USA shares are about to hit �40 looking good for takeover
https://asia.nikkei.com/Business/Business-Deals/Takeda-close-to-62bn-deal-for-Shire
Takeda Pharmaceutical Co. is nearing an agreement to buy rival drugmaker Shire Plc, people familiar with the matter said, in what would mark the biggest ever takeover by the Japanese company. A deal agreement could be announced as early as Tuesday, the deadline set by U.K. regulators for Takeda to make a firm offer for Shire, according to the people, who asked not to be identified because the information is private. Recent negotiations have centered on the structure of the potential transaction, with Shire seeking an increase in the cash component of Takeda�s 46 billion-pound ($64 billion) bid, the people said. It wasn�t immediately clear if Takeda had consented to the request. Takeda reached a preliminary pact with Shire last month after offering the equivalent of about 49 pounds a share, including 27.26 pounds in stock and 21.75 pounds in cash. That�s a 60 percent premium to Shire�s closing price on March 27, before Takeda disclosed its takeover interest. Negotiations are ongoing, and an agreement could still be delayed, the people said. Takeda has also held preliminary talks with potential advisers about divestitures it may pursue if the Shire takeover is successful, according to the people. Representatives for Takeda and Shire declined to comment. Chief Executive Officer Christophe Weber is steering Takeda into its largest-ever transaction to replenish the drugmaker�s pipeline of medicines with promising treatments for rare diseases such as hemophilia -- a field that�s lured many pharmaceutical companies lately because they can charge more for unique life-saving drugs than for routine treatments. Takeda could face a multiple-step credit downgrade due to a �spike in leverage� if its proposed acquisition of Shire goes ahead, Moody�s Investors Service said last month.
I�m hearing that new extension might be requested followed by third so both shareholders could be assured that proper due diligence was done and shareholders in both cos should give their blessings for this project. If this is to be the case shps sp could drift down to �34 till formal bid made. Bid will be made,eventually, Happy to close all my longs in &42.5-�45 range and take a small short then just in case. All this jmo, could be wrong too
Perhaps the city boys want to load up one last time at these prices. Some may be selling part of their holding in case it falls through. What are you hearing notgreedy?
Yes, and price is suppressed to silly level. Is there no demand for its shares when there is a very high chance of firm offer over the long weekend with a potential to make at least 20% profit??
Last trading day in UK before the announcement on Tuesday?
Surely after all this the deal will go through. If not then what a waste of time for everyone!!
Transfer financing to Takeda's acquisition 3 trillion yen including Mitsui Sumitomo and Mitsubishi UFJ With May 3, 2018 Nikkei Shimbun Morning Paper Takeda Pharmaceutical Industry, which entered final adjustment for the acquisition of Ireland Pharmaceutical leading giant Shire, said that Sumitomo Mitsui Banking Corp. and Mitsubishi UFJ Bank, etc. will carry out the loan, said on Tuesday. Loan amount including US and Bank is expected to be 3 trillion yen scale. If realized it will be the largest project as co-financing with Japanese banks. The commitment of large-scale loans by major banks will be a boost to Takeda, which will proceed with the acquisition negotiations. A commitment letter to clarify the willingness to lend before concluding a loan agreement ...
I see this all the time, lots of little sales to unnerve the market and then big buyback, happened 2 days b4 boohoo results last week. Then bang up 20%. Hold your nerve
Looks like this is a key step forward in the due diligence, just hope that the recent legal wrangle doesn't upset the apple cart !
didn't work - thats the original everybody read it OK?!!!
another version translated a little better? https://www.nikkei.com/article/DGXMZO3011776002052018TJ1000/ Essence is the same tho' money is in place.
another version translated a little better? https://www.nikkei.com/article/DGXMZO3011776002052018TJ1000/ Essence is the same tho' money is in place.
Found it: https://www.nikkei.com/nkd/company/article/?DisplayType=1&n_cid=DSMMAA13&ng=DGKKZO30117210S8A500C1TJ1000&scode=4502&ba=1 Used a translation tool and got the following: ========================================================================== Takeda acquired the loan transfer Scale Mitsubishi UFJ and Sumitomo Mitsui, 3000000000000 Yen 2018 / 5 / 3 with Japan economic newspaper Other Two days, found out that Takeda Pharmaceutical Co., Ltd. acquisition of Ireland pharmaceutical giant Shire went for final adjustments to their performing loans, Sumitomo Mitsui Banking and Mitsubishi UFJ said. U.S. banks, including the loan amount is expected to 3000000000000 yen. You realize banks join the syndicated loan as is one of the largest projects. Leading large loan commitments would boost to advance the acquisition talks Takeda. Before entering into a loan agreement loan decision to reveal ' commitment letter. =======================================================================
Hey casapinos, can you drop the link into the conversation please ?
Can't even spell now....lol...hear? Here!!
37 not far now....if that firm offer is made, there's a huge profit to be had hear. Flippin crazy!!!
Today's news from Nikkei. com (translated from Japanese) is that Sumitomo Mitsui and Mitsubishi UFJ banks will provide 3 trillion yen , about �20 billion(ie more or less the cash element of the offer), to Takeda to fund the Shire takeover , subject of course to all the usual caveats. It does look , though, as if the wheels are turning, and I expect to see the Shire SP rise as the prospects of completion improve. I will, however check out before the takeover and take profits in cash!!