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TOKYO (Reuters) - Takeda Pharmaceutical Co shares fell more than 5 percent in early trade on Wednesday following news it had sweetened its acquisition offer for London-listed drugmaker Shire Plc to 46 billion pounds ($64 billion).

Logos of Japanese Takeda Pharmaceutical Co are seen at an office building in Glattbrugg near Zurich March 7, 2012. REUTERS/Arnd Wiegmann/File Photo /File Photo

Shire said in a statement it was willing to recommend to its shareholders a deal with the Japanese pharmaceutical company. It said it had agreed to extend a Wednesday regulatory deadline for the deal talks until May 8 in order to allow Takeda to carry out more due diligence and firm up its bid.

Reporting by Chris Gallagher; Editing by Eric Meijer

Source : https://www.reuters.com/article/us-shire-takeda-pharma-stocks/takeda-shares-slide-5-percent-after-revised-proposal-for-shire-idUSKBN1HW011

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