Japan’s Takeda announces £46 bn firm offer for Shire

Tokyo (AFP) – Japanese drug giant Takeda on Tuesday announced a firm acquisition offer worth £46 billion ($62.5 billion) for Irish pharma firm Shire, after a series of unofficial bids were turned down.

The proposal, if implemented, would represent the largest ever foreign takeover by a Japanese firm, and will create one of top-ten pharmaceutical companies in the world.