Conor Trindle
05 Dec 2018, 14:59 GMT+10
OSAKA, Japan - Takeda Pharmaceutical Company Limited on Wednesday announced the results of the shareholder votes at its Extraordinary General Meeting on the recommended £45.3 billion acquisition of Dublin, Ireland-headquartered Shire plc.
Takeda's proposal to delegate to the Takeda Board the decision on the terms for the issuance of the new Takeda shares required to implement the proposed acquisition was approved as originally proposed by at least 88% of shareholders.
"We are delighted that our shareholders have given their strong support to our acquisition of Shire," Christophe Weber, President and Chief Executive Officer of Takeda said Wedenesday. "With shareholder approval secured, we are looking forward to closing the acquisition in the coming weeks to create a more competitive, agile, highly profitable, and therefore more resilient company, poised to deliver highly innovative medicines and transformative care to patients around the world."
The acquisition remains subject to approval by Shire shareholders at meetings expected to be held later on Wednesday, and to the sanctioning of the Shire scheme of arrangement by the Jersey Court at a hearing expected to be held on 3 January, 2019.
Subject to shareholder approvals and the sanction of the scheme of arrangement by the Jersey Court, completion of the scquisition is planned for 8 January, 2019.
In addition, Takeda's proposal to appoint three of Shire's existing external directors (namely Ian Clark, Olivier Bohuon and Steven Gillis) to the Takeda Board with effect from closing was also approved by 87% of Takeda shareholders.
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationOn December 30, 2015, in a court in Florida, Alan Dershowitz, was accused of having had sex on seven occasions ...
WASHINGTON, DC - In a big development, the United States' Supreme Court on Friday agreed to hear appeals from President ...
AUCKLAND, New Zealand - New Zealand Defence Force and police officers successfully recovered six bodies from Whakaari/White Island on Friday, ...
LONDON - Prime Minister Boris Johnson's Conservative Party will win an overwhelming victory in Britain's election with a majority of ...
BETHLEHEM, Palestinian territories - Israel announced Thursday that Christians in the Gaza Strip will be barred from visiting Holy cities ...
NIAMEY, Niger - At least 71 soldiers were killed and twelve others sustained injuries in a deadly terror attack that ...
New Delhi [India], Dec 14 (ANI): India on Saturday underscored the need for different stakeholders to invest more time and ...
Kanpur (Uttar Pradesh) [India], Dec 14 (ANI): Prime Minister Narendra Modi along with Uttar Pradesh Chief Minister Yogi Adityanath took ...
Kanpur (Uttar Pradesh) [India], Dec 14 (ANI): Prime Minister Narendra Modi chaired the first meeting of the National Ganga Council ...
Kanpur (Uttar Pradesh) [India], Dec 14 (ANI): Prime Minister Narendra Modi on Saturday chaired the first meeting of National Rejuvenation, ...
Former leader of the Hard Livings gang, Rashied Staggie has been shot dead in Salt River, Cape Town.Alleged Cape Town ...
Mumbai (Maharashtra) [India], Dec 13 (ANI): Equity benchmark indices ruled higher during early hours on Friday following reports that the ...