Wednesday 15 October 2014

Paulson on Abbvie decision to ditch Shire deal

John Paulson's fund is clearly not happy about Abbvie's decision to examine backing out of the Shire deal. Here is what Paulson, who is a big shareholder in both Abbvie and Shire, has just told Bloomberg:

"We believe this transaction  creates enormous value for Abbvie shareholders. The combination is both strategic and accretive regardless of the tax considerations. As a large Abbvie shareholder we hope the  Abbvie Board reaffirms its commitment to the transaction after its review’’: 

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