Shire to buy Baxalta for $32 billion, forging rare diseases leader

11 Jan, 2016 3:37 pm

LONDON – Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday by agreeing a $32 billion (21.96 billion pounds) cash and stock offer that will make it one of the world’s leading rare disease specialists.

The London-listed group, which first approached the US firm with an all-stock offer in July, won over the maker of treatments for rare blood conditions, cancers and immune system disorders after adding a cash sweetener.

Shareholders will receive $18.00 in cash and 0.1482 Shire American depositary shares per Baxalta share, implying a total value of $45.57 per share based on Jan. 8 prices. -Reuters

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