Exclusive: Shire closer to deal to buy Baxalta

December 22, 2015 5:41 PM

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Exclusive: Shire closer to deal to buy Baxalta

NEW YORK Drug maker Shire Plc has made a new acquisition offer that is roughly in line with Baxalta International Inc's valuation expectations, making a deal in the coming weeks likely, according to people familiar with the matter.

While the exact terms of the deal could not be learned, Shire has added enough cash to its previous all-stock offer for the negotiations to advance, the people said. Baxalta would be valued in excess of $30 billion in any deal, one of the people added.

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