Takeda Shareholder Approval Removes Final Realistic Barrier to Shire Deal; Takeda Shares Undervalued
We're maintaining our JPY 5,100 per share Takeda fair value estimate and Shire GBX 4,970 per share/$191 per ADS fair value estimates following Takeda and Shire's Dec. 5 shareholder votes in support of the Shire acquisition. With 88% of Takeda shareholder votes supporting a share issuance required as part of the deal (two thirds of votes were necessary) and more than 99% of Shire shareholder votes supporting the deal (75% were required), there are no more significant obstacles to the deal, which ...
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