Hello, everyone, and how are you today? We are doing just fine, thank you, as we dig in to enjoy the nail-biting election underway on this side of the pond. The stakes are high. The drama is intense. The tension is palpable. Please forgive us for sounding like an old-time radio announcer, but this should be an interesting day. Nonetheless, there is work to be done. So feel free to join us as we fire up the coffee kettle and quaff some needed cups of stimulation. Meanwhile, here are a few items of interest to help you along. Hope today goes well, whatever the outcome, and do keep in touch …
Takeda Pharmaceutical (TKPPY) chief executive Christophe Weber maintains he is confident of securing investor backing for the $62 billion acquisition of Shire (SHPG), despite some shareholder fears about the resulting debt burden, The Japan Times writes. Takeda received a $30.9 billion bridge loan to help finance the deal, but some investors are concerned as to how well it will cope with debt repayments. A group including members of Takeda’s founding family oppose the deal and plan to sue Takeda in order to obtain details of the board talks leading up to the offer.
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