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EU: EC sets date for decision on Takeda’s Shire acquisition

By  |  September 30, 2018

On Friday, September 28, the European Commission announced that it has set a deadline of November 6 for its decision on Japanese pharmaceutical company Takeda’s US$62 billion takeover of UK Shire.

The proposed deal has already received unconditional approval from the US, Brazil, and China. The EU may approve the deal as-is, with conditions, or open a four month probe if there are serious concerns.

Also on Friday, Takeda announced that its shareholders will vote on October 19 on the Shire acquisition.

Full Content: The Pharma Letter, Reuters

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