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Shire plc Message Board

  • fgnoms fgnoms Feb 22, 2007 11:04 AM Flag

    Shire/NRPH

     

    Apart from discovering that the deal is breakable (at a cost) should a counter bidder emerge, I have been wondering about Shire's finances. They had $1.127b of cash at 31st December 2006. They have just raised $800m and have negotiated a bank facility of $2.3b. That adds up to $4.227b compared to the acquisition cost of $2.6b. Interesting! Maybe they already know that this will be a contested bid.

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