Deals
Baxalta Gains on Report Shire Is Preparing New Takeover Offer
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Baxalta Inc. shares jumped on a report that Shire Plc is preparing a new takeover offer for the drugmaker, which had rejected an earlier bid.
The new bid may include cash and stock, Reuters said, citing a person familiar with the matter. Shire is working with Morgan Stanley, Evercore and Deutsche Bank to craft the proposal, the news outlet said.