the-transaction
Shire, Baxalta to announce merger as soon as Monday: sources
January 7, 2016 by elegant · Leave a Comment
The deal would come after Reuters first reported on Dec. 22 that Shire's latest offer for Baxalta had met the latter's valuation expectations. Baxalta shares were trading on Thursday just under $39 and Shire stock was at $190.45 a share. Both parties are confident tax concerns arising from Baxalta's spin out from Baxter International Inc will not be an impediment to the transaction but are waiting for a formal legal opinion to come through before signing their merger agreement, the people added.
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Shire, Baxalta to announce merger as soon as Monday: sources