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Takeda shareholders group say working to block $62 billion Shire deal

Reuters  |  TOKYO 

(Reuters) - A group of shareholders is building support to block the $62 billion acquisition of London-listed Plc at an extraordinary general meeting, a leading of the group told on Monday.

The 130 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 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

The group's attempt to block the appointment of then-to an advisory position was defeated at last year's annual general meeting after gaining 30.5 percent of votes.

(Reporting by by Christopher Cushing)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 15:56 IST