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4. What is the standalone value of Baxalta, Does the current share price reflect a fair value? 5. What is the value of Baxalta to

4. What is the standalone value of Baxalta, Does the current share price reflect a fair value?

5. What is the value of Baxalta to Shire PLC if you include synergies? What should be the maximum acquisition premium that Shire PLC is willing to pay?

6. What are the various sources of risk related to the acquisition?

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