Shire confirms in talks with AbbVie on takeover bid

[riky]

Shire confirms in talks with AbbVie on takeover bid

<p><a href="http://news.yahoo.com/shire-confirms-talks-abbvie-takeover-bid-203247710--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vYHLDUPFE3NMc_huuPdokA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-07-11T203247Z_1006950001_LYNXMPEA6A0UT_RTROPTP_2_CBUSINESS-US-SHIRE-ABBVIE-MEETING.JPG" width="130" height="86" alt="Vitamins made by Shire are displayed at a chemist's in northwest London" align="left" title="Vitamins made by Shire are displayed at a chemist's in northwest London" border="0" /></a>(Reuters) - Shire Plc on Friday confirmed it has held a meeting with U.S. drugmaker AbbVie Inc to discuss AbbVie's takeover bid for the Dublin-based maker of drugs for rare diseases. Shire, in a release, said it would provide a further update &quot;when appropriate.&quot; It added there can be no certainty that any firm offer will be made nor as to the terms of any such offer. The meeting, between Shire Chief Executive Flemming Ornskov and AbbVie CEO Richard Gonzalez, took place Thursday in New York, according to a source familiar with the matter. AbbVie, which is based in suburban Chicago and makes top-selling arthritis drug Humira and other medicines, has offered $51 billion for Shire, hoping the deal would cut its tax bill and diversify its product line.</p><br clear="all"/>

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