Showing posts with label US drug firms. Show all posts
Showing posts with label US drug firms. Show all posts

Tuesday, 8 July 2014

US drugs giant AbbVie raises offer for Shire

US drugs giant AbbVie has raised its takeover offer for UK rival Shire to £30.1bn ($51.3bn) in its latest attempt to persuade the firm to agree a deal.
The share and cash offer equates to £51.15 a share and is 11% higher than AbbVie's previous offer made in June, which Shire said undervalued the firm.
AbbVie chief executive Richard Gonzalez said the increased proposal was "a compelling offer".
It is AbbVie's fourth attempt to buy Shire, a drug maker for rare diseases.
"[This offer] creates immediate and