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Shire presses AbbVie to proceed with $55 billion combination of the 2 drugmakers

2014-10-15 14:55:20| Biotech - Topix.net

The drugmaker Shire wants AbbVie to stick with its roughly $55 billion acquisition bid, and it is reminding its U.S. counterpart of the hefty breakup fee it will receive if things don't work out. Shire's U.S.-traded shares shed about a quarter of their value before markets opened Wednesday and a day after AbbVie Inc. disclosed that it was reconsidering a deal it had fought for weeks to put together.

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Category:Biotechnology and Pharmaceuticals

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