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Monday, December 03, 2018, 11:00 - 12:00

Kazuhisa Takeda, Former Director of Takeda Pharmaceutical, A Leading Member of TTBF and Founding Family
Shigeru Mishima, Advisor of "Thinking about Takeda's Bright Future"

(The speech and Q & A will be in English)

On December 5th, the pharmaceutical company Takeda will hold an extraordinary general meeting to approve its $62bn purchase of its London-listed rival Shire plc. The acquisition, led by French CEO Christophe Weber, is one of the largest ever outbound investments from Japan. It will transform the country's largest pharmaceutical company into a multinational.

A number of shareholders – including our speaker Kazuhisa Takeda, a member of the founding family – strongly oppose the deal. They say it is a reckless and overvalued acquisition, requiring Takeda to raise trillions of yen in debt and equity to buy a company that is suffering increased competition to its core haemophilia products.

Since the deal was announced, arbitrage investors have bought into Shire, with billions of dollars now riding on whether the acquisition goes ahead. Takeda needs two-thirds of the votes cast to clear the merger. "Thinking of Takeda's Bright Future" (TTBF) represents the owners of slightly more than 1 per cent of Takeda's shares. Their goal is to stop the deal in its tracks.

Kazuhisa Takeda is a former director of the company and a leading member of TTBF. Shigeru Mishima is a securities analyst, former pharmaceuticals executive and an adviser to the group. Please join us to find out whether they can bring this deal to a shocking and sudden halt.

 

5F Marunouchi Nijubashi Bldg., 3-2-3, Marunouchi, Chiyoda-ku, Tokyo 100-0005

Doors open for TV crew at 10:30, For all others at 10:45, still cameras included.

Please reserve in advance, 3211-3161 or on the website (still & TV cameras inclusive). Reservations and cancellations are not complete without confirmation.

Professional Activities Committee

 Dec 03 18 PC Kazuhisa Takeda  Shigeru Misima032

Mishima(left)          Takeda

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