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Shire plc Message Board

  • fgnoms fgnoms Feb 23, 2007 2:58 AM Flag

    From today's Independent newspaper


    "Analyst reaction to Shire Pharmaceuticals' acquisition of New River Pharmaceuticals has generally been positive, and yesterday the broker Collins Stewart upped its price target for Shire to 1,311p. But there could be more legs in this takeover than investors are supposing. Buried in the terms of the deal is a get-out clause for New River - if a higher bid comes along it will have to pay severance of only $70m plus expenses of $8m, less than 3 per cent of the $2.6bn deal value. Shares in Shire closed 7p worse at 1,118p."

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