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Tuesday, October 21, 2014

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

The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:** U.S. drugmaker AbbVie Inc said on Monday that it had reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and would pay Shire a $1.64 billion breakup fee for walking away from the deal.

AbbVie Inc. (AbbVie) is a research-based pharmaceuticals company. Shares of ABBV traded higher by 1.73% or $0.94/share to $55.35. In the past year, the shares have traded as low as $45.50 and as high as $60.02. On average, 14302300 shares of ABBV exchange hands on a given day and today's volume is recorded at 3664100.