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Shire CEO Says Independence Is Most Favorable Option: Le Temps 2014-07-12 09:15:13.447 GMT
By Patrick Winters July 12 (Bloomberg) -- Shire CEO Flemming Ornskov spoke in interview with Switzerland’s Le Temps newspaper before AbbVie made a fourth offer on July 8. Ornskov said: * “There’s a price at which the board will consider whether the independence of Shire is really the best way forward” * Co.’s rising sales, Ebitda margin is proof independent growth strategy is working * NOTE: Shire Said to hold takeover talks with AbbVie * NOTE: AbbVie/Shire meeting didn’t result in pact for additional talks: DJ
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To contact the reporter on this story: Patrick Winters in Zurich at +41-44-224-4117 or pwinters3@bloomberg.net To contact the editors responsible for this story: Simon Thiel at +44-20-7673-2814 or sthiel1@bloomberg.net Adveith Nair, Mike Harrison