Shire hired Lazard to fend off takeovers, SundayTimes reports

Shire (SHPG) has hired Lazard to help fend off takeover attempts, Sunday Times reported over the weekend. Lazard's appointment followed an informal approach earlier this year from Bristol-Myers Squibb (BMY), which was rebuffed, the paper adds. Shares of Shire are up 60c to $113.45 in the pre-market are spiking in late Friday trading.