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Drugmaker Shire offers to buy Baxalta for US$30b

Published Wed, Aug 5, 2015 · 09:50 PM
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London

IRISH drugmaker Shire said on Tuesday that it had offered to buy the biopharmaceutical company Baxalta in an all-stock deal worth about US$30 billion.

Shire said on Tuesday that it had approached Baxalta in early July about a potential combination, but Baxalta concluded, following a written proposal on July 31, not to proceed with discussions.

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