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AbbVie hikes forecast, tops Street expectations
2014-10-31 17:30:35| Biotech - Topix.net
The drugmaker AbbVie surprised Wall Street on Friday with a third-quarter performance that turned out much better than expected and a new 2014 forecast that also extends well beyond what analysts predict. The maker of the Chrohn's disease treatment Humira raised its guidance for the second time this year.
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AbbVie to pay Shire $1.64B fee over nixed merger
2014-10-21 04:05:46| Biotech - Topix.net
AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee. The two companies said Monday that they deal was off following the decision last week by AbbVie's board to withdraw support from the proposed acquisition.
AbbVie and Shire terminate merger
2014-10-21 00:26:33| BBC News | Business | UK Edition
US firm AbbVie announces it has abandoned its talks with UK drugmaker Shire after a new US rule discouraging mergers that would lower a US firm's tax rate.
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AbbVie board turns against Shire deal
2014-10-16 07:59:38| BBC News | Business | UK Edition
US drug firm AbbVie recommends that its shareholders vote against a 32bn takeover of UK rival Shire following new tax rules announced by the US Treasury.
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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