Shire shares crash 28% as AbbVie reconsiders £34bn takeover bid

More than £8bn wiped off drug-makers market value and follows moves by US Treasury to clamp down on tax inversion deals

More than £8bn was wiped off the stock market value of Shire after US suitor AbbVie said it was reconsidering its $ 54bn (£34bn) takeover of the UK drug company.

The deal could become the biggest to be wrecked by the White Houses clampdown on tax inversions.

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Pharmaceuticals industry | The Guardian

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