Baxalta Says Shire’s Proposal Significantly Undervalues Company

Baxalta Inc. said Shire Plc’s unsolicited takeover proposal significantly undervalues the company.

“A merger at this time would be severely disruptive at this very early stage of Baxalta’s existence as a public company and presents a significant and real risk to value creation for our shareholders,” Baxalta Chairman Wayne T. Hockmeyer said in a statement.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE