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The takeover of Shire is the largest acquisition in Takeda’s history. Under the agreement, Takeda will pay US$66, per share US$30.33 in cash and 0.839 Takeda shares for each Shire share. Takeda will will partly finance the acquisition through a US$30.85bn (€25.56bn) debt from J.P. Morgan Chase, Sumitomo Mitsui, MUFG Bank. The transaction is expected to close in 1H19.
Takeda shareholders will own approximately 50% of the new company, which will be headquartered in Tokyo, where it will maintain its listing and additionally list its American depositary shares (ADS) on NYSE. The companies expect to save about US$1.4bn in annual costs, mainly…