Shire CEO Says Co. More Valuable If Independent: Boersen-Zeitung
2014-07-10 06:34:55.288 GMT
By Alessandro Speciale
July 10 (Bloomberg) -- “Abbvie seems actually to want to
optimize its tax situation with a takeover of Shire,” Shire CEO
Flemming Ornskov says in interview with Germany’s Boersen-
Zeitung.
* “Our board has come to the conclusion that Shire as an
autonomous company can generate more value for all
stakeholders than if it is taken over for the offered
price:” Ornskov
* “Our board checked the first three offers and found them
clearly too low compared with the alternative of
independence”
* NOTE: AbbVie Seen Raising Shire Offer Fifth Time to Win Tax
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editor responsible for this story:
Craig Stirling at +44-20-7673-2841 or
cstirling1@bloomberg.net
2014-07-10 06:34:55.288 GMT
By Alessandro Speciale
July 10 (Bloomberg) -- “Abbvie seems actually to want to
optimize its tax situation with a takeover of Shire,” Shire CEO
Flemming Ornskov says in interview with Germany’s Boersen-
Zeitung.
* “Our board has come to the conclusion that Shire as an
autonomous company can generate more value for all
stakeholders than if it is taken over for the offered
price:” Ornskov
* “Our board checked the first three offers and found them
clearly too low compared with the alternative of
independence”
* NOTE: AbbVie Seen Raising Shire Offer Fifth Time to Win Tax
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editor responsible for this story:
Craig Stirling at +44-20-7673-2841 or
cstirling1@bloomberg.net