Ashurst joins legal line-up as Japan's Takeda seals £46bn takeover of Shire
Firm acting for Takeda's financial advisers as Japanese pharma company seals takeover of Irish rival
May 08, 2018 at 06:49 AM
2 minute read
Ashurst has joined Slaughter and May and Linklaters among the line-up of law firms advising on the £46bn takeover of Irish drug company Shire by Japan's Takeda Pharmaceutical.
The successful £46bn bid is the fifth offer put forward by Takeda, and follows a £43bn bid that was rejected by Shire in April.
Ashurst is advising Evercore Partners, JP Morgan and Nomura, the joint financial advisers to Takeda, with a team led by corporate partners Robert Ogilvy Watson and Tom Mercer alongside banking partner Tim Rennie.
Fried Frank also took a role advising Evercore, with a team led by co-head of the firm's mergers and acquisitions practice Philip Richter and litigation partner Scott Luftglass.
Linklaters is advising Takeda on the takeover, with a team including corporate partner James Inglis, alongside global corporate chair Matthew Middleditch, corporate partner Aisling Zarraga and managing associate Sarah Flaherty. Global US practice head Tom Shropshire and Japan corporate partner Hiroya Yamazaki are also advising.
Japanese 'big four' firm Nishimura & Asahi and offshore firm Ogier are also advising Takeda.
Slaughters is acting for regular client Shire, with City corporate partners Martin Hattrell and Christian Boney at the helm. US firm Davis Polk & Wardwell and offshore firm Mourant Ozannes are also advising the Dublin-based company.
The magic circle firm previously took the lead for Shire when it made an unsolicited $30bn approach for rival drug company Baxalta in 2015. The companies completed a $32bn merger the following year, with Hattrell leading the firm's team.
Hattrell also represented Shire on its $5.2bn acquisition of US company NPS Pharmaceuticals in 2015 and when it was the subject of an attempted takeover by US drugmaker AbbVie in 2014.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Noerr’s Former Polish Office Merges With Big Professional Services Firm Eying German-Speaking Clients
3 minute read
US-Based Smith, Gambrell & Russell Expands to Italy With Cross-Border Transactional Attorneys
3 minute read
Freshfields Name Change Becomes Official as Company with Similar Name Dissolves
2 minute readTrending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
