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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.

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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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FTSE falls as Shire shares slump

2014-10-15 10:24:35| BBC News | Business | UK Edition

The FTSE 100 falls, with shares in Shire plunging 26% after US firm AbbVie says it is reconsidering its takeover offer for the UK pharmaceuticals company.

Tags: falls shares shire slump

 

AbbVie to reconsider Shire deal

2014-10-15 09:27:33| BBC News | Business | UK Edition

US drug firm AbbVie says it is reconsidering its estimated 32bn takeover of UK rival Shire following new tax rules announced by the US Treasury.

Tags: deal reconsider shire abbvie

 

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