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

Keywords :   


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.

Tags: the combination billion proceed

Category:Biotechnology and Pharmaceuticals

Latest from this category

All news
»
20.05Eastern North Pacific Tropical Weather Outlook
20.05Atlantic Tropical Weather Outlook
20.05Water investors have withdrawn billions, says research
19.05Atlantic Tropical Weather Outlook
19.05Eastern North Pacific Tropical Weather Outlook
19.05IT Cosmetics and Kenvue Launch New Products
19.05Virgin Trains targets West Coast in return to rail
19.05Cashing In On The Stache
More »