AbbVie to pay Shire $1.64B fee over nixed merger

SHARE AbbVie to pay Shire $1.64B fee over nixed merger

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. Shire had rejected several unsolicited offers from AbbVie before the companies made the deal in July.

Read more at Newsfeed.

The Latest
“This was not an active shooter incident inside the theme park,” a Gurnee police spokesperson said.
Prairie Ridge has six starters back on offense and five on defense. When the Wolves or Cary-Grove returns a core that solid, it spells trouble for the rest of Class 6A.
The boy was shot in the groin and taken to Comer Children’s Hospital in critical condition.
The No. 2 Sky will play the No. 7 Liberty in a best-of-three first-round series starting Wednesday.
Drives in winning run in all three games against Tigers.