Shire Share Discussion Threads

[toffeeman] 08/5/2018 08:09

Still 20% < offer which is agreed so why would anyone sell? Takeda shares would have to drop a long way to match the discount.

[samdb] 08/5/2018 08:07

Added at 4060

[montyhedge] 08/5/2018 08:07

Here we go, below 4100p unbelievable big big discount to offer.

[pete160] 08/5/2018 08:06

just been quoted 4070
am holding on

[nigelpm] 08/5/2018 08:05

Needless to say buying more in auction.

[montyhedge] 08/5/2018 08:05

Looks like it, always said share prices talk.

[philanderer] 08/5/2018 08:04

Leaked yesterday stateside.

[montyhedge] 08/5/2018 08:03

Bears ouch.

[nigelpm] 08/5/2018 08:02

How about that then - Uncrossing - £40.65 - called that badly.

[montyhedge] 08/5/2018 07:57

Yes always get idiots, who missed the boat, they were hoping to buy cheap today, unlucky boys. Lol

[nigelpm] 08/5/2018 07:56

auction currently a real mess - Numis pitched at 4500 but currently uncrossing £39.

[demo trader] 08/5/2018 07:54

HONG KONG-- Takeda Pharmaceutical Co. on Tuesday reached an agreement to buy Shire PLC, capping a monthslong battle for control of the European drugmaker and marking the largest-ever overseas acquisition by a Japanese company.

Takeda said it would buy Shire at GBP49.01 or $66.53 a share--$30.33 in cash and 0.839 Takeda share for each Shire share--valuing the Dublin-based maker of rare treatments at $62 billion. Takeda had until Tuesday to formalize an offer, withdraw it or walk away.

Takeda shares were up more than 4% on the news Tuesday, though they have fallen more than 16% since late March, when the company first expressed interest in Shire. Some shareholders are worried Japan's largest drugmaker would pile on too much debt to fund the deal, straining itself after it borrowed money to buy an American cancer-drug maker for $5 billion last year.

Credit-ratings firm Moody's warned last month the deal could invite a "multinotch downgrade" from Takeda's current single-A rating.

Nevertheless, the deal would create the world's eighth-largest drugmaker with combined sales of $30 billion. It also helps 237-year-old Takeda pivot away from its home base to more lucrative markets like the U.S. and Europe, and adds new drugs to its shrinking pool of patent-protected products.

Takeda's unrelenting pursuit of Shire, despite the financial risks and some shareholder opposition, shows how ardently Japan's legacy companies are chasing growth overseas, weighed down by a shrinking population and, in the case of drug companies, unfavorable government policy.

[nigelpm] 08/5/2018 07:51

Look at what happened to cable on the announcement - up 40 pips.

[pete160] 08/5/2018 07:50

Amazing, there is an agreed bid on the table and scfc1 and mbmiah are still talking it down. lol

[ny boy] 08/5/2018 07:50

A lot of idle speculation, best just let the market decide where the share price is going!

[montyhedge] 08/5/2018 07:50

No just to see if deal failed, it has not it's going ahead, now they can move, is my guess.

[nigelpm] 08/5/2018 07:50

4100p open. / 4000p close

That would be barely unchanged on last night's NYSE close - BEFORE the formal bid - I don't think folks understand how important the distinction is between a potential offer and ACTUAL bid - should find out in 5 minutes with indicative auction price.

[montyhedge] 08/5/2018 07:49

When AbbVie bid in 2014 pound was 1.58 to the dollar, now 1.35 so getting Shire cheaper now. 5300p would be my guess.

[nigelpm] 08/5/2018 07:47

too late for that monty - they'd have moved before the formal offer.

[demo trader] 08/5/2018 07:46

5000p is a dream,less likely.

[demo trader] 08/5/2018 07:45

Any pre-opening call price?

Probably it will take several minutes longer to open.

[montyhedge] 08/5/2018 07:45

White knight will come, yanks won't let Takeda nick this.Have to be 5000p plus. AbbVie my favourite to enter the bidding.

[nigelpm] 08/5/2018 07:42

ha - let's see. I could be totally wrong of course.