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Exclusive: Shire prepares to make new bid for Baxalta - source

A sign sits in front of Shire's manufacturing facility in Lexington, Massachusetts July 18, 2014.

Drugmaker Shire (SHP.L) is preparing to make a new takeover offer for U.S. biotech firm Baxalta (BXLT.N) that if successful will create one of the world's leading specialists in rare diseases, a source with direct knowledge of the situation said on Tuesday. The London-listed group has asked its advisers to renew its bid effort, the source said, almost four months after Baxalta rejected an unsolicited $30 billion offer that it said significantly undervalued the company.

Shire's bid preparations come three weeks after it announced its $5.9 billion purchase of U.S. rare disease specialist Dyax Corp (DYAX.O).

Shire is working with Morgan Stanley (MS.N), Evercore (EVR.N) and Deutsche Bank (DBKGn.DE) on the offer which could be structured in cash and shares, the source said, cautioning that no...


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