Drug maker Shire rejects $63b Takeda bid as Allergan drops pursuit

Drug maker Shire rejects $63b Takeda bid as Allergan drops pursuit

A blister pack containing Mezavant XL anti-inflammatory tablets, produced by Shire Plc, sits on a pharmacy counter in this arranged photograph in London, U.K., on Thursday, Dec. 29, 2016. Photographer: Chris Ratcliffe/Bloomberg

Rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan’s Takeda Pharmaceutical Co Ltd, while Allergan Plc reversed course on pursuing a rival bid.

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