Japan’s Takeda says made unsuccessful $60bn bid for Shire

Tokyo (AFP) – Japanese pharmaceutical giant Takeda said Thursday it had made a takeover bid worth £42 billion ($60 billion) for Ireland’s Shire Group but that its offer was rejected.

“Takeda was subsequently notified that the board of Shire had rejected its proposal. Discussions between the parties regarding a potential offer are ongoing,” the Japanese firm said in a statement.