Shire Falls, AbbVie Questioned On Buyout Backtrack

By | October 15, 2014

Scalper1 News

Shares of specialty drugmaker Shire plummeted 23% on the stock market today after word got out late Tuesday that big pharma AbbVie is reconsidering its $55 billion buyout of the company. Shire (SHPG) confirmed the reports Wednesday morning with a statement saying that AbbVie ‘s (ABBV) board intends to “consider whether to withdraw or modify its recommendation in light of the impact of the U.S. Treasury Notice” on Sept. 22. The Treasury Notice is Scalper1 News

Scalper1 News