What Would Help Takeda Afford Shire? Subtracting Its ADHD Unit

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Takeda Pharmaceutical Co.’s potential offer for Shire Plc doesn’t look like quite as much of a stretch if you subtract a key piece.

Takeda cited Shire’s neuroscience division among the assets it would gain with the possible purchase. Shire said in August that it was considering a spinoffBloomberg Terminal of the unit, which makes treatments for hyperactivity and attention-deficit disorders.