AbbVie says $55 billion acquisition of Shire officially dead

[riky]

AbbVie says $55 billion acquisition of Shire officially dead

<p><a href="http://news.yahoo.com/abbvie-says-55-billion-acquisition-shire-officially-dead-214443648--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/H0nVswQBNU5ZLhU7l1wVXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-10-20T214543Z_2_LYNXNPEA9J0VW_RTROPTP_2_MARKETS-STOCKS-SHIRE-ABBVIE.JPG" width="130" height="86" alt="A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange" align="left" title="A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange" border="0" /></a>(Reuters) - U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. AbbVie, which last week said its board of directors had withdrawn its recommendation to proceed with the Shire purchase, blamed the unraveling on last month's rules changes by the U.S. Treasury Department aimed at curtailing a wave of such deals in which U.S. ...</p><br clear="all"/>

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