According to the Sunday Times, Shire is once again the rumored target of an unwanted takeover. Shire purportedly has hired Lazard to advise it in fending off unwanted overtures. The latest rumor seems to have been spurred by takeovers this year of other Irish-based companies Elan and Warner Chilcott, coupled with Shire's latest financial results that were better than expected with upgraded guidance for the rest of 2013, plus many Big Pharma companies' need to buy something. Anything to stave off sinking revenue woes. One gets the feeling though that these rumors are just trotting out the same tired Usual Suspects.
Bristol-Myers Squibb, AstraZeneca, etc. See PM Live.
Posted by Bruce Lehr Aug 20th 2013.