Shire Up On Report It Proactively Hired Investment Bank

The deluge of recent healthcare industry deals spurred Shire PLC (NASDAQ: SHPG) to proactively hire an investment bank as an adviser, according to unnamed sources speaking to Reuters news service.

U.K.-based Shire was up about 6.5 percent in mid-afternoon trading at $190.93 per share.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Shire is expecting to receive offers, although no potential buyers were identified according to Reuters. An anonymous source told the news agency that "something could happen this year" and that the company had hired Citibank to evaluate potential deals.

In April, Reuters reported that Allergan wanted to bid for Shire to help shirk fan unsolicited offer from Valeant Pharmaceuticals. Allergan hasn't commented.

Similar reports surfaced last week that Shire itself may acquire NPS Pharmaceuticals. While NPS said it held no talks with Shire about a deal, its shares rocketed 20 percent.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: NewsRumors