US Federal Trade Commission Approves Takeda’s Bid for Shire

July 13, 2018: By Jon Swedien

Takeda announced July 10 that the US Federal Trade Commission has given it unconditional approval to acquire Shire.

Japan-based Takeda’s $62.2 billion acquisition bid still needs to obtain other regulatory clearances and shareholder approval, the company said.

The deal is expected to close in the first half of 2019.

The bid is roughly 46 percent cash and 54 percent stock. Shareholders from both Takeda and Shire would each own about 50 percent of the combined company.

Shire, which markets Xiidra for dry eye, is focused on rare disease areas, including hematology, immunology, genetic diseases, neuroscience, and internal medicine, with a growing therapeutic area in ophthalmology.

Tokyo-headquartered Takeda describes its therapeutic areas as gastroenterology, oncology, neuroscience, and vaccines.

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