Shire

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Dublin-headquartered Shire stands to be paid a break-up fee of about $1.64 billion if Abbvie’s shareholders vote against the deal

US pharmaceutical company AbbVie has recommended that shareholders vote against its $55 billion takeover of Dublin-headquartered Shire in the wake of(...)

AbbVie had recently said it was still committed to the deal, which would have reduced the reliance on its Humira drug, the world’s top selling arthritis medicine which loses US patent protection in 2016

Chicago-based AbbVie said it was reconsidering its $55 billion takeover of Dublin-headquartered Shire weeks after the USgovernment moved to curb dea(...)

Banana importer Fyffes surged 2.34 per cent to €1.095 following news it and Chiquita Brands International have agreed new terms for an all-share merger. Photograpr: Simon Dawson/Bloomberg

Stocks rose yesterday as positive news on the US economy sparked hopes it would lift Europe. Data from Washington’s commerce department showed that U(...)

US medical device maker Medtronic’s plan to move its tax base to Ireland may be in doubt under rules announced by the Obama administration yesterday.

Medtronic, the Minnesota-based medical device maker that’s planning to take an Irish tax address, may become one of the biggest losers under rules ann(...)

Aer Lingus closed down 1.6 per cent at €1.314 after it emerged that Denis O’Brien had sold 4.1 million shares in the airline, to reduce his stake to 2.4 per cent. Photograph: Peter Muhly/Getty

European stocks dropped to their lowest level in more than three months as concern mounted about a build-up of Russian troops along the border with(...)

Walgreens  pharmacy chain announced a  deal to acquire full control of Switzerland-based Alliance Boots – but without an inversion that could have saved the company billions of dollars in taxes. Photograph: Reuters

Billions of dollars were wiped off the value of European healthcare companies yesterday after the Obama administration threatened action to halt the w(...)

 To woo Shire, the US biopharmaceutical  company AbbVie trod cautiously in takeover bid. Photo: Bloomberg

Susan Kilsby had not been chairwoman of the drugmaker Shire for even a week when she received an office call that would set off a frenzied trans-Atlan(...)

Dublin-headquartered Shire has been domiciled in Ireland for tax purposes since 2008

CHARLIE TAYLORAfter four unsuccessful bids, biopharmaceutical giant AbbVie has succeeded in acquiring peer Shire after upping its offer at the weekend(...)

Tablets of Shire’s Adderall. Abbvie is paying about £52.48 per share for Shire. Photo: Bloomberg

US drugmaker AbbVie bought Dublin-based Shire on Friday in a $53 billion-pound deal that will allow it to slash its tax bill by relocating to Britain.(...)

Jacob “Jack” Lew, US treasury secretary.   Mr Lew has urged members of Congress  to pass legislation immediately to stop US companies from shifting their legal addresses overseas

The Obama administration has added its voice to the growing chorus of criticism of US companies shifting their legal addresses overseas, in many cases(...)

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