AbbVie boss mulls hostile move on Shire

Comment on this story
CorporateBusiness

London - US drugmaker AbbVie declined to rule out a hostile bid for Shire on Wednesday but said it was pushing hard for the London-listed drugmaker to engage in talks, after its $46 billion takeover approach was rejected.

Questioned by analysts if he might make a hostile bid, chief executive Richard Gonzalez said on conference call: “We're not willing to restrict our legal options here.”

He declined to comment on what approach AbbVie might take if it went down a hostile path.

Gonzalez stressed he wanted to engage with Shire's management to better understand its upbeat drug sales forecasts, adding he also planned to meet with Shire shareholders. - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.