U.S. DoJ officials have demanded information from Germany's biggest lender about the transactions because they involved the use of the dollar, the person said. Deutsche Bank declined to comment. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one another, adding that the volume of these trades was "significant".
Shire Plc made an unsolicited offer to buy Baxalta Inc., a business spun off by Baxter International Inc. last month, for about $30 billion in stock to create a biotech company focused on rare diseases. Shire offered Baxalta shareholders 0.1687 American depositary receipts for each share held, valuing the target company?s stock at $45.23, a 36 percent premium over yesterday?s close, it said in a statement on Tuesday. Shire Chief Executive Officer Flemming Ornskov has tried to get his counterpart at Baxalta, Ludwig N. Hantson, to enter talks since early July, he said in a letter to Hantson dated Aug. 4.