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Allergan backs away from Shire but reserves right to change

Staff Writer | April 20, 2018
Allergan on Friday confirmed that it "does not intend to make an offer" for fellow Dublin-based drug maker Shire, backing off its announcement on Thursday that it was considering one.
Shire
Acquisition   Shire had said it rejected three takeover proposals from Takeda
The botox-maker said it "reserves the right" to buy or offer to acquire Shire shares if another third-party announces a firm intention to make an offer.

On Thursday, Shire had said it rejected three takeover proposals from Takeda Pharmaceutical since the end of March, while Allergan had said it was in the "early stages" of considering an offer to buy Shire.


 

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