Baxalta Confirms Receipt of Highly Conditional, Unsolicited Proposal from Shire

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DEERFIELD, Ill.–(BUSINESS WIRE)–Baxalta Incorporated (NYSE: BXLT) today confirmed receipt from Shire plc (LSE: SHP, NASDAQ: SHPG) of a highly conditional, unsolicited proposal to acquire all of the outstanding common shares of Baxalta in an all-stock transaction under which Baxalta shareholders would receive for each Baxalta share 0.1687 Shire ADRs. Baxalta noted that it received this same proposal privately on July 10, 2015. In accordance with its fiduciary duties, Baxalta’s Board of Directo

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