12/11/15: Rumor Breaks That Shire Is In Talks To Acquire Baxalta—shares instantly react

NewsHedge Alert: 11:39:16am        Ticker: SHPG & BXLT

Alert Price: $196.95 (SHPG)        Change: – 3.02% by market close

UNUSUAL TRADING REPORT

Catalyst: (rumor) Shire (SHPG) is reportedly in discussions to takeover Baxalta Inc., reported Bloomberg, citing people with knowledge of the matter.

According to the report, talks are progressing with Shire preparing a better offer that could include significant cash. The offer could come within the next few weeks. Baxalta had previous rejected a $30 billion all stock deal, Bloomberg noted.

SHPG-12_09_2015

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