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Shire makes $30bn hostile offer for Baxalta; finalized at $32bn
09 Sep 2020
Executive Summary
Shire PLC took an unsolicited offer to acquire newly public Baxalta Inc. directly to Baxalta's board: Shire would issue 0.1687 ADRs for each Baxalta share, valuing the deal at $30bn or approximately $44.06 per share (a 39% premium). Upon closing, Baxalta would own 37% of the combined company, but within two years Shire plans to repurchase up to 13% of the combined shares via a share buyback.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Gene Therapy, Cell Therapy
- Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Payment Includes Stock
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Shire makes $30bn hostile offer for Baxalta; finalized at $32bn
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