1. Proposed purchased price and fees:

(A) What is the amount of direct acquisition cost?List the components of the direct acquisition costs.

(B)What is the amount stock issuance costs or any other additional costs?

2. Valuation:

A)What is the amount of exchange ratio?

B)What was the estimated stand-alone value of the target company?

C)What was the estimated stand-alone value plus expected synergies resulting from cost savings and revenue increases.

D)Who prepared the valuation and fairness opinion letter(s)?

E)What did the fairness opinion letter(s) say about the proposed combination, exchange ratio, and the asking price?

NOTE: these questions are related to the merger of Shire & Baxalta

all the informatiom needed can be found in S4 of shire (http://otp.investis.com/clients/us/shire1/SEC/sec-show.aspx?Type=html&FilingId=11318308&CIK=0000936402&Index=10000)

thank you for your help ~