All the day’s economic and financial news, as Brent crude hits its highest level since November 2014
- Latest: Japan’s Takeda reveals approach for Shire
- UK retail sales volumes fell 1.2% last month, worse than expected
- Oil is on a tear
- Traders cite Middle East tensions, and Opec
- Sanctions fears push nickel price to three-year high
Now we have a statement from Shire… confirming that it has rejected Takeda’s advances.
But significantly, Shire also says the two sides are still talking, suggesting a takeover is still possible.
“entered into a dialogue with Takeda’s advisers to discuss whether a further, more attractive, proposal may be forthcoming and to understand the basis on which such a proposal would be made.
The Board and management of Shire remain committed to enhancing shareholder value and are focused on fully evaluating internal and external opportunities to maximise value for shareholders, including any further proposals from Takeda.
Shares in Shire have now dropped back to £38.98, leaving them around 3.7% higher today.