Shire Gets Fifth Merger Proposal From Takeda

25 April, 2018, 14:03 | Author: Darnell Patrick
  • Shire gets another takeover proposal from Takeda

The company's stock had a trading volume of 2,971,422 shares, compared to its average volume of 1,502,656.

Takeda shares plunged almost six percent in Tokyo trade, which began soon after the Shire announcement, reflecting the concern of some analysts that a takeover bid of this magnitude could put too much pressure on the Japanese firm's finances.

Shire plc (SHPG) is Ireland based company. SHPG underperformed by 39.22% the S&P500.

Takeda has been looking to acquire Shire since late March when it first offered to pay £44 per each share. The company did not disclose any specific details regarding the latest proposal from Takeda.

Shire's shares were up 4% in early trading. About 72,440 shares traded. Colfax Corporation (CFX) has declined 17.80% since April 24, 2017 and is downtrending. The positive are 79%. Facebook had 254 analyst reports since July 21, 2015 according to SRatingsIntel.

3/27/2018 - Shire had its "overweight" rating reaffirmed by analysts at Morgan Stanley. The firm earned "Buy" rating on Monday, November 14 by Argus Research. The stock of Facebook, Inc. The company was maintained on Thursday, February 22 by Bank of America. The rating was upgraded by Bernstein on Wednesday, February 14 to "Outperform". As per Wednesday, December 20, the company rating was maintained by Jefferies.

Japanese pharmaceutical company Takeda has made a big breakthrough in its campaign to buy biotech firm Shire - but its investors are getting anxious. They now have an "overweight" rating on the stock. During the same quarter previous year, the firm posted $2.12 earnings per share. The business had revenue of $3.57 billion during the quarter. It's down -0.39, from 1.06 in 2017Q3.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 18 funds opened positions while 27 raised stakes. Warren Averett Asset Management Ltd Liability Com has invested 0.25% in Facebook, Inc. Northern invested in 499,644 shares or 0% of the stock. 318,308 were reported by Cap Interest Invsts. (NASDAQ:FB). Sentinel Tru Lba holds 1.72% or 47,024 shares in its portfolio. (NASDAQ:CMRX). Employees Retirement Association Of Colorado invested in 0% or 13,842 shares. They expect $3.58 earnings per share, down 1.38 % or $0.05 from last year's $3.63 per share. After $3.98 EPS was reported last quarter, analysts now see negative EPS growth of -10.05 % for Shire plc. According to Zacks, "Shire beat earnings and sales estimates for the fourth quarter of 2017". BidaskClub downgraded Shire from a "hold" rating to a "sell" rating in a report on Wednesday, January 10th. (NASDAQ:PCLN) earned "Buy" rating by Credit Suisse on Wednesday, August 9. Stifel Nicolaus maintained Shire plc (NASDAQ:SHPG) rating on Friday, October 6. On Friday, February 23 the rating was maintained by FBR Capital with "Buy". On Thursday, February 15 the rating was maintained by Jefferies with "Buy". Cowen & Co maintained the shares of SHPG in report on Friday, January 5 with "Buy" rating. The firm earned "Buy" rating on Friday, August 4 by RBC Capital Markets.


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