TOKYO (Reuters) - A group of Takeda Pharmaceutical Co Ltd shareholders is building support to block the $62 billion acquisition of London-listed Shire Plc at an extraordinary general meeting, a leading member of the group told Reuters on Monday.
The 130 member group formed by ex-Takeda employees hold one percent of the drugmaker's shares, and needs the support of a third of shareholders.
It is targeting domestic retail investors and overseas institutional investors who own 25 percent and 35 percent of Takeda shares respectively, the person said on condition of anonymity.
The group includes members of the founding Takeda family, Nikkan Yakugyo reported last month. The family owns about 10 percent of Takeda shares, people familiar with the matter told Reuters.
The group's attempt to block the appointment of then-Chairman Yasuchika Hasegawa to an advisory position was defeated at last year's annual general meeting after gaining 30.5 percent of votes.
(Reporting by Sam NusseyEditing by Christopher Cushing)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
