The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Takeda shareholders approve Shire acquisition - spokesman

Wed, 05th Dec 2018 03:32

TOKYO, Dec 5 (Reuters) - Takeda Pharmaceuticalshareholders approved on Wednesday its $59 billion takeover ofLondon-listed Shire, a Takeda spokesman said, creating aglobal powerhouse with a stronger drugs pipeline but one that issaddled with massive debt.

Takeda will be joining the ranks of the world's top 10drugmakers and gaining expertise in rare diseases through thedeal, the biggest overseas acquisition by a Japanese company.

It will also become one of the most indebted. In addition toissuing new shares, the company has secured $30.9 billion inbank loans.(Reporting by Takashi Umekawa; Editing by Chris Gallagher andMuralikumar Anantharaman)

Related Shares

More News
6 Sep 2019 07:54

UPDATE 1-Sumitomo Dainippon Pharma investing $3 bln in Swiss Roivant in overseas push

* Dainippon to buy 10% stake in Roivant and interests in 5 units * Schizophrenia treatment Latuda to lose US exclusivity in 2023 * Japan pharma firms ...

14 Aug 2019 06:45

UPDATE 1-Germany's Stada 'very selective' on acquisitions - CEO Goldschmidt

FRANKFURT, Aug 14 (Reuters) - German generic drugmaker Stada will be careful about buying businesses and companies outright, and for now will focus ma...

17 Jul 2019 17:55

Takeda kicks off sale of Western European drugs - sources

By Arno Schuetze and Pamela Barbaglia FRANKFURT/LONDON, July 17 (Reuters) - Japan's Takeda Pharmaceutical Co has reached out to prospective bidders fo...

16 May 2019 18:35

Japan's Takeda expects binding offers for Latam business by end of May -sources

By Tatiana Bautzer SAO PAULO, May 16 (Reuters) - Japan's Takeda Pharmaceutical Co expects to receive binding offers for its Latin American business by...

15 May 2019 08:05

Nikkei snaps 7-day losing streak helped by China's stimulus hopes

* Gains may be short-lived - analyst * Takeda Pharma, Nissan sink after earnings shock * Mitsubishi Estate jumps on share buyback, governance reform B...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.