Part 3/10:
Todd highlights that, unlike many listeners, Takeda may not be a familiar name in the U.S. market, despite its significant history and positions in 70 countries globally. He emphasized that this potential merger is an intriguing scenario exploring how international companies navigate the U.S. market dynamics, particularly regarding financing opportunities. Takeda's ability to secure cheaper financing in Japan further complicates the situation, as they currently hold substantial debt of $11 billion but are lightly cushioned by favorable lending conditions.