{"id":5107,"date":"2018-12-05T04:52:12","date_gmt":"2018-12-05T04:52:12","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/takeda-gets-shareholder-approval-for-46bn-shire-takeover\/"},"modified":"2018-12-05T04:52:12","modified_gmt":"2018-12-05T04:52:12","slug":"takeda-gets-shareholder-approval-for-46bn-shire-takeover","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/takeda-gets-shareholder-approval-for-46bn-shire-takeover\/","title":{"rendered":"Takeda gets shareholder approval for \u00a346bn Shire takeover"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Takeda sign\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/64F4\/production\/_100944852_hi044466950.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Takeda Pharmaceutical has secured shareholder approval for a \u00a346bn ($59bn) takeover of UK-listed drugmaker Shire, clearing the way for Japan&#8217;s largest ever corporate acquisition.  <\/p>\n<p>The takeover would make Takeda one of the world&#8217;s top 10 drugmakers. <\/p>\n<p>The deal, which needs to be approved by Shire&#8217;s shareholders, will also saddle the Japanese firm with debt. <\/p>\n<p>It follows a long-running battle that saw Takeda make multiple offers for Shire.<\/p>\n<p>The proposal received majority support at an extraordinary shareholder meeting in Osaka on Wednesday. <\/p>\n<p>A day earlier Kazuhisa Takeda, a member of the firm&#8217;s founding family, spoke out against the deal over concerns with the level of debt it would add to Takeda. <\/p>\n<p>The takeover is part of Takeda&#8217;s strategy to become a global pharmaceutical company.<\/p>\n<p>The firm wanted to buy Shire to strengthen its cancer, stomach and brain drug portfolios.<\/p>\n<p>But one of its potentially lucrative treatments will have to be sold off at the direction of European regulators over competition concerns. <\/p>\n<p>Shire shareholders are due to meet later on Wednesday. <\/p>\n<p>The company was founded in the UK and still has a large base in Basingstoke, but moved its corporate headquarters to Dublin a decade ago. It has 24,000 employees in 65 countries.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46450630\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Reuters Takeda Pharmaceutical has secured shareholder approval for a \u00a346bn ($59bn) takeover of UK-listed drugmaker Shire, clearing the way for Japan&#8217;s largest ever corporate acquisition. The takeover would make Takeda one of the world&#8217;s top 10 drugmakers. The deal, which needs to be approved by Shire&#8217;s shareholders, will also saddle the Japanese firm &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5107"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5108"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}