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Monday, July 14, 2014

Deals of the day- Mergers and acquisitions, (NYSE: ABBV)

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** London-listed drugmaker Shire Plc said it was ready to recommend a new 31 billion pounds ($53 billion) takeover offer from AbbVie Inc, entering talks after receiving a fifth bid from the U.S. firm.

AbbVie Inc. (AbbVie) is a research-based pharmaceuticals company. Shares of ABBV fell by 0.2% or $-0.11/share to $54.85. In the past year, the shares have traded as low as $42.25 and as high as $58.27. On average, 5832730 shares of ABBV exchange hands on a given day and today's volume is recorded at 29788936.