- Takeda has reached a deal to buy Adderall drugmaker Shire for $64.3 billion.
- The deal comes after a handful of rejections from Shire and a short-lived potential for a
- A transaction between Shire and Takeda is the largest pharma deal of the year.
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Takeda is closing in on buying Adderall maker Shire for $64 billion in pharma's biggest deal of the year
Takeda has reached a deal to buy Adderall drugmaker Shire for $64 billion. The deal comes after a handful of rejections from Shire and a short-lived potential for a bidding war between Takeda and Botox-maker Allergan.
Takeda has reached a preliminary agreement to buy Adderall drugmaker Shire for $64 billion in the largest pharma deal of the year.
The deal strengthens the Japanese drugmakers' footprint in the US, where Shire has a large presence, and also expands its position in rare diseases like hemophilia.
Takeda, a 300-year-old Japanese drugmaker, has been working to expand its global footprint, most recently with its $5.2 billion purchase of US cancer drug maker Ariad Pharmaceuticals last year. Under CEO Christophe Weber, Takeda is looking overseas for growth amid a shrinking domestic population in Japan and patent expirations for several of its key products.
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Takeda first approached Shire in March, and Shire had rejected four of the company's earlier bids. Takeda's pursuit of Shire heated up further last week when Botox-maker Allergan revealed it was weighing an offer for the company. Takeda's shares dropped as much as 9.3% on the announcement of the deal, the biggest fall in five years.
Shire has long been a takeover taket. US drugmaker AbbVie nearly acquired the company in 2014, but the deal collapsed due to changes in US tax law.
Takeda's offer values Shire at 49 GBP ($68.51) per share.
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