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BUZZ-AbbVie Inc and Shire Plc: AbbVie CEO does not rule out hostile move
June 25, 2014 / 3:10 PM / 3 years ago

BUZZ-AbbVie Inc and Shire Plc: AbbVie CEO does not rule out hostile move

** AbbVie up 2.6 pct at $54.99, Shire’s U.S.-listed shares up 2 pct at $228

** AbbVie CEO Richard Gonzalez did not rule out a hostile bid for Shire, which has spurned its $46 billion offer

** “We’re not willing to restrict our legal options here,” Gonzalez replies when analysts ask if he might make a hostile bid

** He declines to comment on what approach AbbVie might take if it went down a hostile path

** AbbVie says it is willing to move quickly to clinch a deal with the UK drugmaker

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