Shire/Actelion rumors highlight M&A buzz in orphan space
This article was originally published in Scrip
Executive Summary
Reports of a £12.4bn ($18.9bn) preliminary approach sent Shire's share price down by 2.75% to £53.05 on the London Stock Exchange on 8 June, while Actelion's stock rose nearly 10% to an all-time high of CHF144.50 on the Swiss exchange, pushing its market capitalization up to CHF16.5bn ($17.5bn).