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Just under �40 at �39.75. Tomorrow, answers on a postcard! ATB, Scfc
It is amazing how these so called �leaks� happen and then move the market so much and force companies into taking (announcement) action. I don�t believe anything I read anymore...also didn�t Takeda say on 28th March it was in preliminary and exploratory stages but apparently then make their first offer on the 29th, the next day! These people who have direct knowledge should be taken to account...now it�s Allergan who are in a similar position we read. Big losses if you�re an Allergan shareholder but big benefits Shire. I wonder what will happen to Takeda�s SP overnight. Mad day for sure. ATB, Scfc
Allergan SP is down nearly 8% on the news
Allergan SP is down nearly 8% on the news
Presumably a mostly cash deal over �46.50 could clinch it. �48-50 will get approval
have a look :-) wait for pfizers cash offer to appear shortly
RNS from Allergan confirming considering an offer for Shire . No figures mentioned
Over c17m traded. Certainly interesting times whatever happens...Scfc
nothing yet but would have to be a package worth more than �46.50 2 buyers. don't understand why shares not higher
Any price mentioned?
ALLERGAN IS SAID IN TALKS TO ACQUIRE SHIRE, REUTERS SAYS
He was definitely told the info on other bidders through his ear piece mid sentence.
That makes no sense. If he knows then either he knows of one or he knows of two. Not "one or two". We can but hope though. Takeda are losing credibility with these weak bids.
Things are heating up now :)
Cnbc host presenter has just said he knows of 1-2 other companies who wish to buy shire
Shire has 'at least one or two other' interested bidders, CNBC says After Shire (SHPG) confirmed that it has received, and rejected, three conditional proposals from Takeda (TKPYY) regarding a possible offer for the company, CNBC's David Faber reported on air that his sources indicate that there are "at least one or two" other companies interested in bidding for Shire. Those others prefer to have a quiet dialogue with Shire, according to Faber.
Takeda simply cannot afford an all cash offer, even if Shire spun off neuro, takeda still couldn't afford an all cash offer.
I think this will be in red by the end of the day. Not far off now. The rejection of the revised 'offer' has spooked the markets. And bets are that this aint going to happen.
The bids so far were to get Shire to the table. Shire came to the table, and negotiations have possibly even began already. Typically you could expect two things - a gap up in offer price to "secure the deal" and a significant increase in the weighting of cash to paper - these are the elements of deals held back to the end. It seems likely Takeda will make a take it or leave it offer. Perhaps 4850 at 40% cash.
lol :-)
*it, being the SP I meant
Although the BoD would probably argue it was above even the revised offer level less than a year ago...
So where do we go from here. Offer is circa �46.50 but this is a revised offer and the BoD rejected it. The offer has many caveats (it is not even a binding offer) including needing the unanimous agreement from the Board. The Board are playing a very dangerous game with our money. If Takeda walk away, we will lose out big time. Most shareholders would happily accept �46+, even if 60% is in Takeda paper, wouldn't they? A
Under �38, maybe changed whilst typing though!
I�ve seen that the first offer was made on 29th March so shows all these articles were seemingly inaccurate on sounding out bankers, etc, etc. At least we have some facts although not clear where it will all go next!