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Thursday, June 28, 2018

Takeda shareholders reject proposal from anti-Shire group


Takeda Pharmaceutical (TKPYY) shareholders, who are seeking to build support to block the $62B takeover of Shire (SHPG) , failed to get a proposal to require advance shareholder approval for large acquisitions passed at the company’s annual general meeting, Reuters reports, citing the company. The proposal garnered roughly 10% of votes in favor casting doubt on the group’s ability to get enough support to prevent the Shire deal.

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