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After six months or so of talks, Big Pharmas Shire and Baxalta early Monday announced a merger, valued near $32 billion, that they said would create the No. 1 company in drugs to treat rare diseases. Ireland-based Shire (SHPG) will pay Baxalta (BXLT) shareholders $18 in cash and 0.1482 of a Shire ADS (American Depositary Share) per share owned. They said that comes to $45.57 per Baxalta share, based on Friday’s closing price. But Scalper1 News
Scalper1 News