Takeda considers selling $10B in assets to minimize debt before Shire deal

To minimize the debt burden it would assume if its $62 billion takeover of Shire is approved, Takeda Pharmaceuticals is considering a sale of up to $10 billion worth of assets, according to Nikkei Asian Review.

The drugmaker plans to shed noncore assets. While those assets are undisclosed, Takeda said it plans to prioritize treatments in gastroenterology, oncology and rare diseases if the deal is approved.

Shareholders are slated to vote on the deal Dec. 5. Two-thirds of shareholders must support the proposal for it to move forward.

If the $62 billion transaction wins approval, the combined company would have $31 billion in revenue, which places it among the top 10 within the global pharmaceutical industry, behind industry leaders Johnson & Johnson and Pfizer.

More articles on pharmacy:
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