Takeda Pharma Makes Fourth Bid To Take Over Drugmaker Shire

The brouhaha surrounding Shire (SHPG) continued Friday after Takeda Pharmaceuticals made a fourth bid to buy the drugmaker, sweetening the pot from an earlier bid that valued the company around $61 billion.

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Early Friday, Takeda said it would pay 47 pounds per share, about $66, to buy Shire, upping its bid from 46.50 pounds, or roughly $65.30, earlier in the month. Shire previously rejected three proposals from Takeda, saying they "significantly undervalue" the company.

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