SunTrust Upgrades Shire (SHPG) to Buy
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Shire plc (SHPG) Interim CFO Bowling Resigns
October 20, 2014 9:20 AM EDTShire plc (Nasdaq: SHPG) announces that James Bowling, Interim Chief Financial Officer (CFO), has notified the Board of Directors of his decision to step down from his current role to pursue a new career opportunity as CFO of Severn Trent plc.... More
Buy Shire (SHPG) on Deal Weakness, BofA/Merrill Lynch Says
October 16, 2014 7:29 AM EDTBofA/Merrill Lynch analyst Graham Parry is telling clients to buy weakness in Shire (NASDAQ: SHPG) as AbbVie (NASDAQ: ABBV) turns away from the deal. The firm maintained a Buy rating and price target of... More
AbbVie (ABBV) Board Recommends Voting Against Shire (SHPG) Transaction
October 16, 2014 6:27 AM EDTAbbVie (NYSE: ABBV) announced its Board of Directors' withdraws its recommendation made on July 18, 2014 regarding the proposed Shire (NASDAQ: SHPG) transaction and recommends that stockholders vote against the transaction.
AbbVie and its Board of Directors made this determination following a detailed consideration of the impact of the U.S. Department of Treasury's unilateral changes to the tax rules, as issued on September 22, 2014. The breadth and scope of the changes, including the unexpected nature of the exercise of administrative authority to impact longstanding tax principles, and to target... More
