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AbbVie to buy Shire in $55-billion deal that slashes tax rate

AbbVie to buy Shire in $55-billion deal that slashes tax rate

The Mercury News

July 18, 2014 at 2:45 PM •

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Illinois drug maker AbbVie said Friday it would buy European rival Shire for $55 billion and reincorporate in Britain, allowing the company to slash its tax rate in the latest move by an American firm to shelter its foreign earnings.

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AbbVie to buy Shire in $55-billion deal that slashes tax rate

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