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Deals Rumor Mill: Shire, New World Development, EQT

By Benjamin Horney (January 4, 2016, 9:10 PM EST) -- Shire PLC is in advanced talks to scoop up Baxalta Inc. in a cash-and-stock deal worth around $32 billion, according to a Monday report from Bloomberg. According to the report, the companies could announce a deal as early as this week. Shire, an Irish drugmaker, has been vying to acquire the U.S. biotech since July, though its initial offer was rejected. Late December reports had Shire updating its offer, which Monday's report appears to confirm....

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