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>> SHIRE PLC Latest News

OCT 20, 2014 - Yahoo! News

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AbbVie says $55 billion acquisition of Shire officially dead

(Reuters) - U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. AbbVie, which last week said its board of directors had withdrawn its recommendation to proceed with ...

Tags: AbbVie says $55 billion acquisition of Shire officially dead,  Shire Plc Latest News

OCT 20, 2014 - Yahoo! News

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Top Allergan holder Paulson urges deal with Shire: sources

By Olivia Oran (Reuters) - Allergan Inc shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc , according to two people familiar with the matter. The hedge fund, which earlier supported a deal with Valeant, told Allergan CEO David ...

Tags: Top Allergan holder Paulson urges deal with Shire: sources,  Shire Plc Latest News

OCT 20, 2014 - Yahoo! News

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Exclusive: Allergan shareholder Paulson & Co urges deal with Shire - sources

By Olivia Oran (Reuters) - Allergan Inc shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals , according to two people familiar with the matter.    The hedge fund told Allergan CEO David Pyott that it would support a deal with Shire, ...

Tags: Exclusive: Allergan shareholder Paulson & Co urges deal with Shire - sources,  Shire Plc Latest News

OCT 16, 2014 - Yahoo! News

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AbbVie recommends shareholders reject Shire deal

(Reuters) - U.S. pharmaceutical company AbbVie Inc recommended that shareholders vote against its $55 billion takeover of Shire Plc in the wake of a U.S. government move to curb deals designed to cut high taxes. "The agreed upon valuation is no longer supported as a result of the changes to the tax rules and we did not believe it was ...

Tags: AbbVie recommends shareholders reject Shire deal,  Shire Plc Latest News

OCT 16, 2014 - Yahoo! News

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AbbVie recommends stockholders to reject Shire deal

(Reuters) - U.S. pharmaceutical company AbbVie Inc recommended stockholders to vote against its $55 billion takeover of Shire Plc in the wake of a U.S. government move to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad. "The agreed upon valuation is no longer supported as a result of the changes to the tax rules ...

Tags: AbbVie recommends stockholders to reject Shire deal,  Shire Plc Latest News