The Hardest-Working Paper in America | 
Thursday, April 18, 2024
News

AbbVie to pay Shire $1.64B fee over nixed merger

By  Sun-Times Wire
   
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.

Next Up In News
Netflix looks to curb password sharing, considers ads
Aiming to predict COVID, future pandemics better, CDC opens infectious diseases forecasting center
Joliet farmers wrangle cows thrown from semitrailer after crash on Interstate 80
1 killed, 3 wounded in shootings Tuesday in Chicago
Obama relatives sue Milwaukee school alleging racial bias
Unmasked transit: Pritzker ends mask mandates in public transportation, airports
The Latest
Connor Bedard
Blackhawks
Connor Bedard assesses rookie season with Blackhawks: 'I was OK'
Bedard entered the season finale Thursday with 61 points in 67 games, making him the most productive Hawks teenager since Patrick Kane in 2007-08, but he’s not entirely pleased with his performance.
By Ben Pope
 
Chicago Cubs v Seattle Mariners
Cubs
Cubs reliever Mark Leiter Jr.'s family makes history as he starts season strong in pivotal role
Leiter’s cousin Jack debuted for the Rangers on Thursday.
By Maddie Lee
 
Howard Brown Health workers and their supporters march during an unfair labor practice strike outside Howard Brown Health Sheridan in the Uptown neighborhood in January. Sixty-one workers were illegally laid off on December 30, 2022, according to Margo Gislain of the Illinois Nurses Association.
Health
Howard Brown, union reach tentative agreement after 17 months of negotiations
The contract would include raises across the union body — including annual wage increases — a new minimum wage of $19.23, insurance for part-time employees, two weeks of paid leave for gender-affirming care, a union rights clause and protections against layoffs, among other things.
By Violet Miller
 
Transportation
Uber launches rider verification program in Chicago, 11 other cities
Chicago riders may now find a blue check mark under their name, as part of Uber’s rider verification process.
By Jessica Ma
 
Rev. Frederick Douglass Haynes III sits with Rev. Jesse Jackson at the Rainbow PUSH Convention on July 18, 2023.
Politics
Quick exit by Rev. Jesse Jackson's replacement raises questions about future of Rainbow PUSH
It’s still not clear why the Rev. Frederick Haynes III, a Texas megachurch pastor, suddenly resigned Tuesday as president of the legendary South Side social justice organization. But longtime observers say an out-of-towner was doomed from the start.
By Mitchell Armentrout