Takeda Confirms Shire Rejected GBP42 Billion Takeover Bid

Shire Rejects Takeda's $60 Billion Bid as Talks Continue

SHPG is downtrending and has moved 27.67% since April 19, 2017. It has underperformed by 39.22% the S&P500. We have $186.78 PT which if reached, will make NASDAQ:SHPG worth $4.14B more.

B & T Capital Management Dba Alpha Capital Management increased its stake in Chipotle Mexican Grill Inc (CMG) by 531.14% based on its latest 2017Q4 regulatory filing with the SEC. Fort Lp acquired 45,674 shares as Deluxe Corp (DLX)'s stock declined 4.13%. Deluxe Corp now has $3.61 billion valuation. Boston Partners now owns 2,342,391 shares of the biopharmaceutical company's stock worth $363,351,000 after purchasing an additional 886,572 shares during the last quarter. About 3.42M shares traded.

Among 13 analysts covering Shire (NASDAQ:SHPG), 10 have Buy rating, 0 Sell and 3 Hold. The positive are 77%.

On April, 26 Shire plc (NASDAQ:SHPG)'s earnings report is anticipated by WallStreet, according to RTT.

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All three proposals would see Shire and Takeda merge to form a company with stock market listings in Japan and the US. The hedge fund run by Ira Unschuld held 40,000 shares of the capital goods company at the end of 2017Q4, valued at $3.35 million, up from 20,000 at the end of the previous reported quarter. The firm has "Hold" rating by HSBC given on Monday, September 26. "Buy" rating has 10, "Sell" are 0, while 3 are "Hold". On Friday, February 16 Susquehanna maintained the shares of SHPG in report with "Buy" rating.

Credit Suisse Group AG reissued their outperform rating on shares of Shire PLC (LON:SHP) in a report published on Wednesday morning. On Tuesday, November 14 Liberum Capital upgraded the shares of SHPG in report to "Buy" rating. The stock has an average rating of "Buy" and an average target price of $203.29. The stock of Shire plc (NASDAQ:SHPG) earned "Buy" rating by Stifel Nicolaus on Friday, October 6. (NASDAQ:SHPG) has 22 ratings reports on April 19, 2018 according to StockzIntelligence.

The Second Proposal comprised 28.75 pounds per share in new Takeda shares, to be listed in Japan and in the United States through an ADR listing, and 16.75 pounds per share in cash, representing a potential value of 45.50 pounds per share, only a marginal increase to the First Proposal, and approximately 43 billion pounds for the total issued and to be issued share capital of the Company.

According to the company, there are 7,000 rare diseases, but fewer than 5% have a treatment. The company has market cap of $51.69 billion. It focuses its development resources on projects in various therapeutic areas (TAs), including Neuroscience, Ophthalmology, Hematology, Oncology, Immunology, Gastrointestinal (GI)/Metabolic/Endocrinology Diseases. It has a 12.32 P/E ratio.

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