Shire shares jump after report Allergan eyes new takeover bid

Tue Apr 29, 2014 3:05am EDT
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LONDON, April 29 (Reuters) - Shares in British drugmaker Shire Plc jumped more than 3 percent in early trade on Tuesday after Reuters reported that Botox maker Allergan Inc was preparing a fresh takeover approach.

Allergan itself is facing an unsolicited bid from Valeant Pharmaceuticals International Inc and a bid for Shire would underscore how keen the U.S. dermatology drugmaker is to stay independent. (Reporting by Ben Hirschler; Editing by David Holmes)