Shire Share Discussion Threads

[ny boy] 20/4/2018 19:39

What is the ADR conversion? Tks

[philanderer] 20/4/2018 19:30

going the right way 3940p

[karateboy] 20/4/2018 19:29

3% dividend is very attractive to SHP big share holders.I am sure they are ringing SHP board and asking them to accept the offer.

[ny boy] 20/4/2018 19:29

Do we get £47 a share if it’s accepted. If so i’ll Settle for that?

[justiceforthemany] 20/4/2018 19:26

Yep spare a thought for those Takeda shareholders!!!

[scfc1] 20/4/2018 19:22

I agree - their share price has fallen c30% this year alone and they seem to keep coming back with more offers. Every time they do it drops further. Completely at odds with their supposed disciplined approach they stated at the outset imo.

[justiceforthemany] 20/4/2018 19:18

Shorters will be all over the new company if formed due to the massive debt. Shire has about $20Bn in debt. This was the main drag on Shire's share price and why it has slumped 30% in the past 12 months. No position in Takeda but really seems like a bad and brainless move on their part. Their own share price has been decimated and they seem desperate.

[scfc1] 20/4/2018 19:15

Yes, the dividend yield is over 3%

[scfc1] 20/4/2018 19:08

The P/E clearly won’t be anywhere 9 if they are paying £47 for it...

[philanderer] 20/4/2018 19:07

over 3900p now.

[karateboy] 20/4/2018 19:06

Takeda is taking on a big debt but very low interest of 0.4 % also a company with p/e of just 9 and with intention of selling part of the company. Does any body know what is Takeda dividend yield. Takeda was very proud of its dividend policy.

[karateboy] 20/4/2018 19:01

Let's wait and see. I believe the offer will be accepted. This will brings others if there are others.

[scfc1] 20/4/2018 18:49

karateboy, the BOD said unanimously that the 3rd offer significantly undervalued the company/it’s pipeline, etc...so they increase it by just over 1% (switching a bit more to the cash rather than the paper pot) and you say it is win win for Shire. The offer will have been made by the BOD of Takeda, not by any advisors.

[justiceforthemany] 20/4/2018 18:40

Shire would have DOUBLE the market cap of Takeda if this deal goes through! Crazy.

[justiceforthemany] 20/4/2018 18:31

Takeda are committing suicide here IMO
Far too small a company to take a 'takeover' like this on and the debt will be huge. Would not want to own any Takeda shares.

Now if someone like Pfizer came in I would believe it.
The fact the share price is stuck so far from £47 tells me the market is also highly sceptical.

[mbmiah] 20/4/2018 18:29

I concur philanderer

[philanderer] 20/4/2018 18:24

It's the only way they'll draw out another bidder

Not moving much in the USA 3890p now.

[mbmiah] 20/4/2018 18:17

Well, the US shares seem a little slow to react. The market just doesn't have a clue what the board wants. 47 quid is a decent offer - take it!!

[philanderer] 20/4/2018 18:12

3880p stateside.


SHP will be sounding out their big holders.

[suffersnofools] 20/4/2018 17:59

Bloody annoying it's out of hours!

20 April 2018

Statement re Proposal from Takeda Pharmaceutical Company Limited ("Takeda")

Shire notes the announcement made by Takeda and confirms it has received a fourth proposal on 20 April 2018 regarding a possible offer for the Company (the "Fourth Proposal").

The Fourth Proposal comprises £26 per share in new Takeda shares, to be listed in Japan and in the US through an ADR listing, and £21 per share in cash, representing a potential value of £47 per share and approximately £44 billion for the total issued and to be issued share capital of the Company. Based on Takeda's current market capitalisation, Shire shareholders would own approximately 49 per cent. of the enlarged Takeda.

The Board of Shire is considering its position with respect to the Fourth Proposal and will issue a further announcement in due course.

[karateboy] 20/4/2018 17:46

SHP has requested Takeda and SHP advisers to sit down and find out an improved offer. They did. The new offer is based on advisors recommendations. So The new offer highly likely to be accepted.It is win win for SHP. First share price will rise and secondly there will be a better offer from others . SO win win for SHP.

[billytkid2] 20/4/2018 17:06

Shire statement. Considering offer. Haven’t said no yet.

[romeike] 20/4/2018 16:41

You'd think Shire would squeeze out another couple of £/share and accept or otherwise one wonders why they've bothered to speak to Takeda at all.