UPDATE 5-AbbVie cools on $55 bln Shire deal after US tax changes – Reuters
USA TODAY |
UPDATE 5-AbbVie cools on bln Shire deal after US tax changes
Reuters … * AbbVie says it is reconsidering backing for deal. * Shire shares down 23 percent. * AbbVie board to meet on Oct. 20. * Deal was partly motivated by tax benefits. * Shire urges AbbVie to stick to original plan (Adds Breakingviews link). By Paul Sandle and … Shire Says It Waives Three-Day Notice Period for AbbVie Board Meeting AbbVie drops £32bn bombshell on Shire AbbVie Said Close to Shire Reversal as Tax Rules Change |
