Japan`s Takeda Pharmaceutical Co Ltd shares were down 3 percent in morning trading in Tokyo on Friday after rare disease drug maker Shire Plc
Shire said it had received three conditional proposals from Takeda, but said they significantly undervalued the company`s growth prospects and drugs in development.
Botox maker Allergan Plc
Under UK takeover rules, Takeda has until April 25 to make a firm offer or walk away, after it said last month it was considering a bid.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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