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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.
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Category:Biotechnology and Pharmaceuticals
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