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

  • Apple was deprived of a monopoly on payments for applications
    News

    Apple was deprived of a monopoly on payments for applications

    Apple Inc, according to a lawsuit filed by Epic Games Inc., must allow mobile app developers to redirect users to alternative resources to pay for services in the App Store. The Wall Street Journal reported this. A 30% commission is now charged on each purchase. Judge Yvonne Gonzalez Rogers concluded that Apple’s practice was uncompetitive […]

  • The World Bank named the conditions for the tranche to Ukraine
    News

    The World Bank named the conditions for the tranche to Ukraine

    The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]

  • Swedish Tech Company Beetroot Expands With New Location in Mariupol
    News

    Swedish Tech Company Beetroot Expands With New Location in Mariupol

    September 13, 2021 — Stockholm, Sweden — Beetroot AB, the tech division of the Beetroot ecosystem, opens a new location in Mariupol, Ukraine. The company is currently accepting applications for over fifty software development vacancies in its international client projects.   In Mariupol, Beetroot will focus on building teams of tech specialists to work on a […]

  • Google has appealed France’s fine of half a billion
    News

    Google has appealed France’s fine of half a billion

    The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]

  • The Ministry of Agrarian Policy announced the number of registered land agreements
    News

    The Ministry of Agrarian Policy announced the number of registered land agreements

    As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]

  • Metinvest has reduced its debts by half
    News

    Metinvest has reduced its debts by half

    In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service. According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, […]

  • A diamond processing plant is being sold in Ukraine
    News

    A diamond processing plant is being sold in Ukraine

    The State Property Fund of Ukraine has put the Vinnytsia diamond processing plant Crystal up for privatization auction for almost 90 million hryvnias. This is stated in the message of the Foundation. It is noted that the plant not only cuts and grinds precious stones, but also makes jewelry. They produce more than five thousand […]

  • The National Bank suffered billions in losses
    News

    The National Bank suffered billions in losses

    In the first half of the year, the National Bank suffered UAH 12 billion in losses, according to the central bank’s press service. In this regard, next year, according to the forecast, the NBU will transfer to the budget UAH 13.6 billion, which is 1.8 times less than this year (UAH 24.4 billion). It is […]

Read also

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

Fintech’s subsidiary Alibaba has aimed for the largest IPO in history

A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]

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

England began a trial about the manipulation of interest rates on interbank credits

In London is being heard the case about the manipulation of European interbank rates Euribor. The defendants are  11 former employees of large financial companies such as Deutsche Bank, Barclays and Societe Generale. This trial is characterized like atypical, because for the first time in the case of manipulation of the bidding Euribor defendants are […]

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

The transaction between Dow Chemical Company and DuPont will be the largest on the market of mergers and acquisitions in 2015

The agreement between two chemical corporations will make a company with a market value of $ 120 million. According to information of WSJ, two companies began to discuss  the merger in November 2015. Now representatives of the enterprises carry out the last part of the negotiations between the leaders. When companies announced about agreement between […]

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

The US Federal Reserve has kept the base rate at the same level

The US Federal Reserve maintained the base interest rate at 0-0.25%, as expected by the market. This is stated in the message of the financial regulator following a meeting of its leadership. “The Committee has decided to keep the target rate range for federal funds at 0-0.25% and considers it appropriate to maintain this range […]

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

Salesforce announced the purchase of Slack messenger for $ 27.7 billion

Salesforce is one of the world’s largest players in the cloud computing sector. They will buy Slack Technologies, the owner of Slack’s corporate messenger. The Wall Street Journal reports, Messenger will cost Salesforce $ 27.7 billion, which will be the largest acquisition of the company in its history. The terms of the deal include that […]

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

1 + 1 buys a large TV provider Viasat

1 + 1 media Group buys Ukraine’s largest satellite TV operator – Viasat. The seller was a Swedish media holding Modern Times Group (MTG). According to the informed sources, the amount of the deal could reach  300 – 500 million UAH ($ 15-20 million). The press service of the 1 + 1 media is short-spoken. […]

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

The Ministry of Agrarian Policy announced the number of registered land agreements

As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]

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

SpaceX has postponed the launch of the 12th group of Starlink satellites

American company SpaceX Elon Musk moved on September 1 launch rocket Falcon 9 from 12 th group of satellites Starlink due to bad weather. The press service of the company announced on Sunday, August 30, on Twitter. “Today ‘s launch of Starlink is canceled before the flight due to difficult weather conditions. The next launch […]

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

The Investment company Prosperity Capital Management increased its stake in the agricultural holding MHP

The investment company Prosperity Capital Management has concentrated 7.93% of global depositary receipts (of GDR) of the largest Ukrainian producer of poultry – agricultural holding “MHP” (MHP). According to a report on the website of the London Stock Exchange on Friday, now the company owns 8,000,000 789,186 GDR. According to the information at Prosperity Capital […]

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

The NBU named the reasons for the fall in GDP in the second quarter

Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]

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

Chipotle shares fall rapidly after a scandal over substandard products

This week Chipotle (Chipotle Mexican Grill) closed another restaurant, this time in Boston, after a large number of students were poisoned by food. Questions of consumers about quality of products in Chipotle grow. Similar cases have been seen in other states, when people feel bad after a visit to Chipotle.  Food scandal confused the investors […]

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

Shares of world banks is falling after the data leak

Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world’s largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]

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

T-Mobile has a major data leak in the United States

As a result of a recent cyber-attack on the servers of the American mobile operator T-Mobile US, hackers stole the personal data of millions of users, said a subsidiary of the German telecommunications giant Deutsche Telekom on Wednesday, August 18. The stolen information included names and surnames, social security numbers, birth information, driver’s license data, […]

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

Pharmaceutical company Bristol will buy MyoKardia for $ 13.1 billion

The American pharmaceutical company Bristol-Myers Squibb announced that it will buy biotech MyoKardia for $ 13.1 billion. Quotes of the MyoKardia at the previous trading increased by 59%. Bristol will pay $ 225 for each share of the MyoKardia, corresponding to 61% premium to the value of the company’s securities at the close of trading […]

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

Businesses will be reimbursed through lockdown again

President Volodymyr Zelenskyi submitted to the Verkhovna Rada a draft law on assistance to private individuals through lockdown. The press service of the parliament announced this on Wednesday, March 24. There is no text of the bill yet, but the document is defined as urgent. It was submitted to the leadership of the Council. In […]

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

The Japanese are buying one of the largest IT employers in Ukraine

Japanese company Hitachi has announced the purchase of American developer GlobalLogic for $ 9.6 billion, according to Reuters. The American company has several offices in Ukraine and is one of the three largest IT employers in the country. GlobalLogic owns 45% in equal shares of Canada Pension Plan Investment Board and Swiss investment company Partners […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com