Takeda has reached a breakthrough in its talks to buy Shire (SHPG)

Thomson Reuters

• Shire and Takeda are announcing Wednesday that they've reached a preliminary deal.
• Takeda has sweetened its most recent $62 billion offer to reach the deal.
• The Japanese drugmaker had until Wednesday evening to make a final offer to Shire under UK takeover laws, but Shire is expected to agree to an extension to allow Takeda to carry out more due diligence and firm up its bid, according to people familiar with the matter. 

(Reuters)...