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Channel: AbbVie urges shareholders to reject Shire deal due to tax rule change - Los Angeles Times
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Drug maker Shire

Irish drug maker Shire has its headquarters in Dublin but is incorporated on the British island of Jersey, which has no corporate tax.

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AbbVie reconsiders Shire purchase, cites tax inversion crackdown

New tax provisions designed to discourage U.S. companies from moving their headquarters to overseas tax havens may be having an effect.

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AbbVie's board recommends shareholders nix Shire tax inversion deal

The board of directors of Illinois drug maker AbbVie Inc. has recommended shareholders vote against the acquisition of European rival Shire, saying recent changes to U.S. tax rules eliminated some of...

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