A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion

A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion

04.01.2016 News

A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billionAccording to news agency Bloomberg, citing informed sources, a large Irish pharmaceutical company Shire is buying its rival company Baxalta Inc. This will create a new global biotech giants.

The acquisition price is approximately $ 32 billion by shares and cash, not including the payment of debts. Precise details of the purchase are not currently disclosed.

It’s a second attempt to deal, as the Shire already tried to reach an agreement last summer when they proposed to Baxalta about $ 30 billion, but the offer was rejected because the sellers were not satisfied with the price offered by potential buyers.

 Now the Shire representatives say that the merger of two large companies could create the world’s leading business biotech company  which activities will be focused on the development and production of drugs to combat rare diseases.

The merger of the two corporations will be one of the largest in the pharmaceutical sector. The Shire company, united with Baxalta, plans to release 30 new drugs, and predicts that sales in 2020 will reach $ 20 billion. Also for the Shire company  the merger  is an opportunity to reduce the income tax rate to 16-17%.

Company Baxalta is the new American pharmaceutical company, which was founded in the summer of 2015, separated from the parent company Baxter. The company Shire is the  Ireland’s largest pharmaceutical company, which was founded in 1986. The company specializes in designing and manufacturing of medicines for rare diseases. Last year, the revenue of each company amounted to about $ 6 billion.

Source: www.bloomberg.com

Other articles

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

  • 632595f853279441907151 730x410
    News

    The September, 29 will take place the international investment forum REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair

    In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]

  • Україна планує запровадити нове мито на імпорт
    News

    Україна планує запровадити нове мито на імпорт

    Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]

  • Китай спустив на воду найбільший у світі контейнеровоз
    News

    Китай спустив на воду найбільший у світі контейнеровоз

    У Китаї суднобудівна компанія Hudong-Zhonghua Shipbuilding спустила на воду найбільший у світі контейнеровоз, який отримав назву Tessa. Про це повідомляє сайт компанії. Вказано, що судно будується на замовлення швейцарсько-італійської Mediterranean Shipping Company (MSC). Воно має ті ж габарити, що й нещодавно побудовані для компанії Evergreen контейнеровози Alot та Apex, але трохи більшої ємності. “Хоча основні розміри залишилися […]

  • Банк Англії підняв ставки рекордно за 27 років
    News

    Банк Англії підняв ставки рекордно за 27 років

    Банк Англії підвищив базову процентну ставку максимальними темпами з 1995 року, на 50 базисних пунктів – до 1,75% із 1,25%. Про це повідомляється на сайті регулятора. Сама ставка зараз перебуває на максимальному рівні з грудня 2008 року, коли вона становила 2%. Банк Англії прийняв таке рішення на тлі високої інфляції, яка зараз становить 13%. Регулятор прогнозує, […]

  • В Україні відновлять приватизацію в умовах війни
    News

    В Україні відновлять приватизацію в умовах війни

    Верховна Рада на засіданні у середу, 28 липня, 233 голосами ухвалила законопроект про спрощення приватизації, повідомляє нардеп Ярослав Железняк. Ухвалений законопроект №7451 дозволяє відновити приватизацію, яка була зупинена через воєнне вторгнення Росії. Законопроект пропонує зробити приватизацію швидшою. Так, приватизація з моменту оголошення аукціону до підписання договору триватиме не більше двох місяців, а вся інформація про об’єкти приватизації […]

  • Доходи українців впадуть на чверть у рік війни
    News

    Доходи українців впадуть на чверть у рік війни

    За підсумками 2022 року доходи українців впадуть на 25%. Про це йдеться в Інфляційному звіті Національного банку України. Загалом номінальні зарплати скоротяться на 12%, а в реальному вимірі (з урахуванням інфляції) – на 27%. “Надалі з відновленням економіки, пожвавленням попиту на робочу силу номінальні зарплати швидко зростатимуть і перевищать довоєнний рівень вже в 2023 році. Втім, з […]

  • На Україну чекає найбільше в історії падіння ВВП
    News

    На Україну чекає найбільше в історії падіння ВВП

    Падіння економіки України у 2022 році буде найбільшим за всю історію країни. Про це йдеться в інфляційному звіті Національного банку. “Військові дії зумовили глибокий спад економіки. Після шоку перших місяців війни вона поступово адаптується до нових умов, проте падіння ВВП у 2022 році буде найглибшим за всю історію України”, – йдеться у повідомленні. За базовим сценарієм, цього […]

Read also

A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

S&P forecasts devaluation of hryvnia

International rating agency S&P Global Ratings forecasts the hryvnia exchange rate at 29.5 per dollar by the end of 2021. This is stated in the review of the agency. At the same time, in 2022 the hryvnia exchange rate is projected as 30 per dollar, in 2023 – 30.5 hryvnias per dollar. and at the […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

The Cabinet of Ministers has approved an energy security strategy

The Cabinet of Ministers at a meeting on Wednesday, August 4, approved an energy security strategy. During the presentation of the document, Energy Minister Herman Galushchenko said that the strategy identifies, in particular, 29 threats to energy security, the key of which are cyber threats, Russian aggression, depreciation of fixed assets, lack of energy reserves, […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Peloton launches a new exercise bike and treadmill

Shares of Peloton Interactive, which rose 184% since the beginning of the year, fell 3.6% over the past three trading days, despite two price target increase from experts of investment companies. Last week, JP Morgan raised its target price for Peloton shares from $ 58 to $ 105. On Friday, analysts at JMP Securities raised […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

In Ukraine will be produced of up to 50 medicine products from India

At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Dell reported of a good second quarter

Shares of Dell Technologies rose after the company released results for the second quarter of fiscal 2021, which ended July 31 this year. Since the beginning of the year, shares of Dell Technologies have risen by about 21.5% compared to the growth of the S&P 500 by 7.85%. Dell reported a decrease in earnings per […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Events under the Verkhovna Rada: “Lawyers – are practically the most intellectual … well, the fool always takes by force …”

A lawyer — is a peaceable profession which is designed to protect. Both violations of the rights of lawyers and depreciation of institute of legal profession completely level the rights of the citizen of Ukraine. Under such slogan the peaceful protest action of lawyers under walls of the Verkhovna Rada took place, devoted to fighting […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

AMC instituted a proceeding against the “Ukrtatanafta”

The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies  “Ukrtatnafta” JSC, “SPC-Galicia”, […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

As US retailers are boycotting the “Black Friday” in 2015?

At 27th of November, 2015 the famous American company REI, which sells products for sports, tourism and travel, reported that on Friday – 30th of November, all 143 stores will be closed. The company decided to arrange for their employees a paid for the output. This decision is a kind of protest against rampant consumerism. […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Alibaba Group will own MoneyGram

Ant Financial company within the framework of a public company Alibaba (China), announced about the final stage of the USA financial company asset acquisition procedures MoneyGram International, specializing in international trade transactions online, as reported Inventure. The Chinese side intends to complete the transaction in the third or fourth quarters of 2017, after the approval […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

The new electric pickup Ford F-150 Lightning was awarded an advertisement by Biden

Ford on Wednesday officially unveiled the all-electric F-150 Lightning pickup, which could become the new most popular pickup in the United States, given Americans’ love for Ford F-Series cars. President Joe Biden drove an F-150 Lightning during his visit to the Ford Rouge Electric Vehicle Center, a new high-tech plant in Dearborn, Michigan. The company’s […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Deputy Head of the Office of the President joined the Supervisory Board of Naftogaz

Deputy Head of the Office of the President Yulia Svyridenko has joined the Supervisory Board of Naftogaz of Ukraine. This is stated in the Cabinet. She is elected to the council as a representative of the state for a term not exceeding one year. As reported, the Cabinet of Ministers of Ukraine by order №494-r […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Gulliver: «… there is no base for court decision on the arrest of the property “

Ukrainian media notified again about the arrest of accounts of the shopping center Gulliver. The repeat arrest . It was publicized en masse, invoking the statement by the press service of the prosecutor’s office of Kyiv. According to the media, in a statement of the Metropolitan Prosecutor’s it is talking about the fact that “in […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Italian bank Monte Paschi is under the threat of nationalization

Monte Paschi Italian bank turned up under the threat of nationalization. It was reported by international business publication Bloomberg, referring to its own sources. According to official information, currently a European financial institution needs an additional capitalization for the amount of 5 billion euros. However, currently it is impossible to realize such a task, due […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion

The international telecommunications company Liberty Global has made an offer to the Swiss Provider Sunrise Communications Group AG on the acquisition, the value of the transaction is estimated at 6.8 billion Swiss francs ($ 7.4 billion), the company said. “Liberty Global announced today, that in accordance with the terms of the agreement between Liberty Global […]

Next
A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion
News

Citigroup predicted the dollar to fall by 20% next year

If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]

Next
picture2 53 vseh zajavlenn 312478 p0
Analytics

2015 was the record year in terms of transactions in mergers and acquisitions

Every day there is a new information about the latest merger / acquisition among large enterprises. As a result of these major agreements, the price of which often amounts to billions of dollars, new company giants appeared in the world market. Moreover, agreements on mergers / acquisitions are active in all areas of business – […]

Next