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Takeda gets Japan's approval for $62 billion Shire purchase

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Reuters
Last Updated : Oct 18 2018 | 12:45 PM IST

(Reuters) - Takeda Pharmaceutical Co Ltd said on Thursday Japan's Fair Trade Commission had approved its $62 billion acquisition of Shire Plc, bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker.

The deal, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from regulators in the United States, Brazil and China.

(Reporting by Shashwat Awasthi in Bengaluru)

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First Published: Oct 18 2018 | 12:37 PM IST

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