Burying Shire deal, AbbVie's Gonzalez slams US Treasury
This article was originally published in Scrip
Richard Gonzalez, chairman and CEO of AbbVie, rounded on the US Treasury as he announced that his company and Shire had agreed to terminate their $53bn merger agreement.
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Since becoming CEO of Shire in April 2013, Flemming Ornskov has overseen around $50bn in M&A deals. He steered the company through the ultimately abortive takeover by AbbVie and walked away with a break fee of $1.6bn, going on to consummate instead Shire’s $32bn acquisition of Baxalta earlier this year. He spoke to Scrip about his vision and values.
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