Information Provided By:
Fly News Breaks for November 25, 2015
BXLT, SHPG
Nov 25, 2015 | 07:04 EDT
Leerink analyst Jason Gerberry views Shire's (SHPG) plans to re-approach Baxalta (BXLT), as reported yesterday by Reuters, as feasible. After speaking to a corporate M&A specialist, Gerberry believes Shire can offer cash for Baxalta as long as Baxalta gets at least 40%-50% of transaction cost in equity. Financially, the deal is "considerably more attractive" if Shire can partially finance it with debt, the analyst writes in a research note. He maintains an Outperform rating on Shire with a $239 price target.
News For SHPG;BXLT From the Last 2 Days
There are no results for your query SHPG;BXLT