Takeda Pharmaceutical agrees deal to acquire Shire

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Shire profit rises on higher sales, backs outlook

Takeda has until May 8 to either make a formal offer for Shire or walk away. Shire also said it would be willing to recommend Takeda’s latest offer to its shareholders if one is made. “Shire Profit Rises on Higher Sales, Backs Outlook,” at 1127 GMT, incorrectly said in the fifth paragraph that Takeda has until May 8 to complete a deal. No formal offer has been put to shareholders, but Shire has said it would be willing to recommend Takeda’s offer if a formal one is made.

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