Shire sets out robust defense for rejecting AbbVie takeover bid
Ireland-headquartered Shire (LSE: SHP) today presented a robust defense of its position as an independent pharmaceutical company, stressing that the recent, rejected, unsolicited $46.5 billion takeover offer from USA-based AbbVie (NYSE: ABBV) undervalues the company.
Shire contends that its management has transformed the company over the last year, creating the platform to deliver substantially more value to shareholders and benefits for patients, and to enhance its leadership position in rare diseases.
The ‘One Shire’ efforts have led to:
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