April 20, 2018 / 2:19 PM / 4 months ago

Takeda ups Shire offer to 47 pounds-a-share

LONDON (Reuters) - Japan’s Takeda Pharmaceutical Co Ltd (4502.T) increased its offer for Shire (SHP.L) to 47 pounds a share on Friday after its three previous bids - the last at 46.50 pounds - were rejected by the rare disease drugs specialist.

FILE PHOTO: Takeda Pharmaceutical's signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon/File Photo

Shire’s shares were trading at 38.71 pounds shortly after Takeda confirmed its latest bid.

Reporting by Paul Sandle; editing by Kate Holton

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