Takeda CEO confident shareholders will approve $62B Shire acquisition — 4 insights

Takeda Pharmaceutical CEO Christophe Weber said he's confident shareholders will approve Takeda's $62 billion deal to acquire Shire, Reuters reports.

Here's what you should know:

1. Early in the process, shareholders expressed fears about the debt the company would take on through the deal.

2. Takeda must hold a meeting to record shareholder votes by Jan. 18.

3. Takeda secured a $30.9 billion bridge loan to fund the acquisition. Some investors are concerned about Takeda taking on that much debt.

4. In addition to investor approval, Takeda still needs to earn European Commission approval. The European Commission expressed monopolistic concerns over the company's competing gastrointestinal treatments.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.