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Tuesday, July 8, 2014

BRIEF-Abbvie increases offer for Shire by 11 pct, (NYSE: ABBV)

Abbvie Inc: * Statement regarding a revised possible offer* Abbvie has increased its proposal to �22.44 in cash and 0.8568 ordinary shares of new Abbvie for each shire share* Proposal is an approximately 11 percent increase from Abbvie's prior indicative proposal of �46.26* Fourth proposal represents an indicative value of �51.15 1 as of July 7, 2014

AbbVie Inc. (AbbVie) is a research-based pharmaceuticals company. Shares of ABBV fell by 1.41% or $-0.82/share to $57.40. In the past year, the shares have traded as low as $42.25 and as high as $58.27. On average, 5783610 shares of ABBV exchange hands on a given day and today's volume is recorded at 4742192.