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Wednesday, June 25, 2014

BRIEF-Shire says AbbVie announcement contains no new material information, (NYSE: ABBV)

Shire Plc * Shire comments on abbvie's unchanged proposal* Notes today's announcement by Abbvie inc. ("abbvie") repeating its proposal of May 30, 2014, which comprised �20.44 in cash and 0.7988 AbbVie shares per shire share ( "proposal")* Today's announcement by abbvie contains no new proposal and provides no material new information.* Board of shire has already considered this proposal in detail and unanimously rejected it, concluding that it fundamentally undervalued company and its prospects

AbbVie Inc. (AbbVie) is a research-based pharmaceuticals company. Shares of ABBV traded higher by 2.48% or $1.33/share to $54.92. In the past year, the shares have traded as low as $41.07 and as high as $55.62. On average, 5625800 shares of ABBV exchange hands on a given day and today's volume is recorded at 6310342.