Japan Takeda eyes Shire takeover after rival drops bid

Shares in Japanese drug maker Takeda dropped Friday after a potential rival in its bid to take over Ireland's Shire Pharmaceuticals said it was no longer considering making an offer. Analysts had raised the prospect of a bidding war between Takeda and Botox-maker Allergan after the global pharma giant said it was also considering making a bid for Shire. Takeda was trading down as much as 3.98 percent on Tokyo trade on Friday morning.

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