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TKPYY

Takeda Pharmaceutical

$23.63

0.22 (0.94%)

, SMFG

Sumitomo Mitsui

$8.45

0.02 (0.24%)

06:35
04/12/18
04/12
06:35
04/12/18
06:35

Takeda sounds out banks for loans as it nears Shire bid, Reuters reports

Takeda Pharmaceutical (TKPYY) has sounded out creditors, including its main bank Sumitomo Mitsui Banking (SMFG), for loans as it nears a bid for London-listed rare disease specialist Shire (SHPG) that could reach $50B, Reuters reports, citing two sources with direct knowledge of the matter. Expectations that the drugmaker will bid for Shire, which is worth around $10B more than the Japanese group, before the April 25 deadline have risen since CEO Christophe Weber set out a strategic case for the transaction at an analyst briefing. Reference Link

TKPYY

Takeda Pharmaceutical

$23.63

0.22 (0.94%)

SMFG

Sumitomo Mitsui

$8.45

0.02 (0.24%)

SHPG

Shire

$152.11

-1.72 (-1.12%)

  • 21

    Dec

TKPYY Takeda Pharmaceutical
$23.63

0.22 (0.94%)

03/29/18
JEFF
03/29/18
NO CHANGE
Target $172
JEFF
Buy
Shire investors may be amenable to $50B-plus bid, says Jefferies
With challenges in the hemophilia market near term, Shire (SHPG) investors could be amenable to another $50B-plus bid, similar to AbbVie's (ABBV) 2014 offer, Jefferies analyst David Steinberg tells investors in a research note. This would represent a 35% premium to Shire's recent near five-year low valuation, the analyst writes. He says "it remains to be seen" how Takeda Pharmaceutical (TKPYY) could structure a transaction for Shire given the companies' similar equity valuations. The analyst finds it possible that Takeda's disclosed interest could spark competitive bids from large cap pharma companies. He keeps a Buy rating on Shire with a $172 price target.
03/28/18
BOFA
03/28/18
NO CHANGE
BOFA
Buy
Still considerable value in Shire even in no Takeda bid scenario, says BofA/Merrill
BofA/Merrill analyst Graham Parry notes that Takeda (TKPYY) has said in a statement that it is considering an approach for Shire (SHPG) but that the consideration is at a preliminary and exploratory stage and no approach has been made to the board of Shire. The analyst continues to see considerable value in Shire with concerns over hemophilia more than priced into the stock and upsides from pipeline, notably SHP643 for HAE and SHP647 for Ulcerative colitis and Crohns, and the value of its plasma/immunology franchise overlooked. Even in a no bid scenario, Parry believes passage through hemophilia overhangs and increased awareness of the value in these assets should see Shire trade higher on 12-month view. He reiterates a Buy rating on Shire's shares.
01/16/18
BTIG
01/16/18
DOWNGRADE
BTIG
Neutral
TiGenix downgraded at BTIG to Neutral on valuation
As noted earlier, BTIG analyst Timothy Chiang downgraded TiGenix (TIG) to Neutral from Buy, saying the run-up of 81% year to date in the stock price has exceeded his target and warrants a move to the sidelines. Chiang believes that the acquisition offer by Takeda (TKPYY) will pass the required regulatory review of TiGenix lead product Alofisei in the E.U., adding that there is now less than 5% difference in the stock price relative to the Takeda offer.
10/03/17
JMPS
10/03/17
NO CHANGE
Target $25
JMPS
Outperform
Myovant Phase 3 results further de-risk ongoing trials, says JMP Securities
After Myovant Sciences (MYOV) and partner Takeda (TKPYY) announced a Japanese study evaluating the efficacy and safety of relugolix to treat uterine fibroids met its primary endpoint, JMP Securities analyst Jason Butler said the results represent a "best case outcome" and have a clear positive read through to ongoing international Phase 3 trials in uterine fibroids and endometriosis. The analyst, who increased his view of the probability of success in UF and EM, raised his price target on Myovant shares to $25 from $23 and keeps an Outperform rating on the stock.
SMFG Sumitomo Mitsui
$8.45

0.02 (0.24%)

06/21/17
UBSW
06/21/17
UPGRADE
UBSW
Buy
Sumitomo Mitsui upgraded to Buy from Neutral at UBS
SHPG Shire
$152.11

-1.72 (-1.12%)

03/07/18
HCWC
03/07/18
NO CHANGE
Target $12
HCWC
Buy
Caladrius price target raised to $12 from $7 at H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju raised his price target for Caladrius Biosciences (CLBS) to $12 after the company acquired from Shire (SHPG) an exclusive worldwide license to data and regulatory filings for a late-stage CD34+ cell therapy program for the treatment of chronic myocardial ischemia targeting refractory angina. The deal "significantly enriches" Caladrius' existing pipeline and should provide an "additional attractive shot on goal" in the coming years, Selvaraju tells investors in a research note. He increased his valuation of the company to $120M from $60M and reiterates a Buy rating on the shares.
02/22/18
BOFA
02/22/18
NO CHANGE
BOFA
Buy
Shire post results weakness overdone, says BofA/Merrill
BofA/Merrill analyst Graham Parry believes Shire post results weakness is overdone and says shares remain undervalued. The analyst argued that cons EPS cuts are already priced in, and reiterates a Buy rating on the shares.

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XLE

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GLD

SPDR Gold Trust

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GDOT

Green Dot

$85.04

0.37 (0.44%)

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SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
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BA

Boeing

$346.44

0.55 (0.16%)

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BA

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

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DCT

DCT Industrial

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WLK

Westlake Chemical

$95.61

-1.33 (-1.37%)

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SM

SM Energy

$27.38

0.17 (0.62%)

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  • 19

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PENN

Penn National

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FB

Facebook

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WLK

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EAST

Eastside Distilling

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LOV

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TCF

TCF Financial

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LGF.A

Lionsgate

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MSL

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EME

EMCOR

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