I overheard two senior level AZ managers talking over some wine at a reception room. I could not hear all the conversation, but I kept hearing the word "Shire" over and over again. Where there is smoke there is fire!
There are a lot of companies that would like to get their hands on Shire. AZ has shown interest before. Bottom line is that the market cap is ~$20B which is very expensive for any company.
True, but AstraZeneca has over $8 billion in cash to fund a purchase or merger. Plus, they are desperate for new products to sell due to their impending patent cliff on Nexium and Crestor.
I'd love to see this happen. In a perfect world they'd keep the sales force and fire my RD. I hate that SOB