Takeda shareholders OK Japan's biggest takeover of foreign firm

Takeda Pharmaceutical Co. won approval from shareholders on Wednesday for its plan to purchase Irish drugmaker Shire Plc. for 46 billion pounds ($58 billion), the biggest-ever overseas acquisition by a Japanese company.Takeda overcame opposition from some of its founding family members and other stakeholders who cited hefty debt to finance the deal, and will become the world's ninth-largest drugmaker with combined sales of about 2.8 trillion yen ($24.8 billion).Nearly 90 percent of its shareholders approved the plan at an extraordinary meeting held in Osaka, Takeda said. Having already won …READ FULL ARTICLE