Shire Share Discussion Threads

[steeplejack] 20/4/2018 16:38

And there's no mention of "final".

[romeike] 20/4/2018 16:36

Takeda have room for a further £9 if they really wanted to throw caution to the wind - so it isn't much to ask them to cough up another couple of quid a share to get a deal.

[mbmiah] 20/4/2018 16:28

Watch them reject the offer after 1630 hrs.

[romeike] 20/4/2018 15:50

I think Takeda will be prepared to stretch further because they know they can flog neuro on completion of the deal.

[philanderer] 20/4/2018 15:39

BTK, exactly my thoughts too. 😉

[steeplejack] 20/4/2018 15:38

Yes and the current share price suggests that the market shares your view on balanceI agree with Romeike,I think Shire has got to engage and put Takeda out of its misery.If Shire won't recommend the bid under 55 quid say,it should tell them and we can move on.I reckon that Shires days are numbered though,afterall its already beginning to divest itself of peripheral businesses which makes that more digestible.

[soundbuy] 20/4/2018 15:38

Well, the last increase?? More cash on the table.........hmmmm

[billytkid2] 20/4/2018 15:28

I want Shire to accept a deal with Takeda because I think that will force the hand of a large pharma to make a bid. My prediction however is negotiations break down and this goes back to £33-34.

[romeike] 20/4/2018 15:24

We are now at the point where the onus is on Shire to either say no or say to Takeda, up it to 48.50 (or whatever) and it's a deal.

I think 48.50 with about 45% cash is minimally acceptable in the context of the recent share price action. In reality however Takeda are getting a bargain and shareholders will end up sharing the lucrative returns from NBU spin off with Takeda shareholders.

Personally I would reject the deal and move on.

[steeplejack] 20/4/2018 15:22

Yes,I think Takeda are near their limit.This is an opportunistic bid especially given that Shire were exasperated at a share price of 40 quid but a few months back.It would be odd if they were to recommend a bid which is less than a 20 per cent premium to a 40 quid price that they thought markedly undervalued the company.However,rightly or wrongly,the price has fallen to well below 30 quid and was languishing there until this bid emerged.In a sense,the market thinks that Shire is worth 30 quid but the industry in the guise of Takeda considers its worth 47 quid.The ADR factor could be critical because the takeover would be seamless.I have some Shire ADRs and would be happy to just hold stock in the merged group.The problem will be the UK register where I also hold stock,where in practise I'd have to sell my Shire in the market (like others here) if the bid went ahead because it's all too complicated

[mbmiah] 20/4/2018 15:14

Perhaps the board shouldn't say anything allowing the share price to creep up. That'll allow me to sell near 45 squids lol

[mbmiah] 20/4/2018 15:11

Who's running the negotiations here....tell them what price we want and see if they can do it.

[romeike] 20/4/2018 15:09

The company is now willing to pay £47 per share, of which £21 would be cash and £26 new Takeda shares.

£47 is having a laugh.

Takeda wasting everyone's time.

[billytkid2] 20/4/2018 15:07

The problem is shire price got so low that this does represent a meaningful premium to pre bid levels.

[billytkid2] 20/4/2018 15:06

It’s a small up bid but an increase in cash critically. I think it will be rejected but they are trying a final roll of the dice. I suspect they are close to their limit.

[suffersnofools] 20/4/2018 15:04

I'm sure that's a windup - no one is going to up a bid by 50P and expect not to get laughed at.

[demo trader] 20/4/2018 14:53

monty- Takeda is not offering all cash. Cash if another bidder/s comes in.

[steeplejack] 20/4/2018 14:50

Perhaps but they'll be institutions that don't wish to see the price slide back to around 34-35 quid which UBS think likely if no bid materialises,so it's finely balanced.48 quid might win the day if Shire management agree,despite the fact that Takeda will be very stretched.

[montyhedge] 20/4/2018 14:36

No chance who wants Takeda shares.

[brahmsnliszt] 20/4/2018 14:12

TAKEDA IS SAID TO WEIGH RAISING SHIRE BID TO ABOUT GBP47/SHARE

Takeda Pharmaceutical Co. plans to return with a sweetened offer for drugmaker Shire Plc after its $60 billion bid was rejected, according to people with knowledge of the matter.
Takeda is considering boosting its offer to about 47 pounds a share, and may be willing to raise it further, one of the people said, declining to be identified as the deliberations are confidential. A final decision hasn’t been taken, and the talks may yet fall apart, the people said. The companies may discuss the revised proposal in the coming days, they said.
Representatives for Takeda and Shire declined to comment.

[montyhedge] 20/4/2018 14:09

All depends what the yanks do at 2.30 when the Dow opens.

[soundbuy] 20/4/2018 14:02

Spikey spike at 2pm...........

[demo trader] 20/4/2018 13:55

Better than SHP at 3000p :-)