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With Boardroom Drama Behind Him, Teva Pharmaceutical Industries Limited (TEVA) Chairman Phillip Frost To Step Down By End Of The Year


6/19/2014 6:39:09 AM

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Shire Plc (SHP) rose a third consecutive day after an analyst said Allergan Inc. (AGN) plans to bid for the Anglo-Irish drugmaker as the U.S. competitor seeks to prevent a hostile takeover by Valeant Pharmaceuticals International Inc. (VRX)

Shire climbed 3.4 percent to close at a record 3,785 pence in London, valuing the company at 22.3 billion pounds ($37.8 billion). The company’s corporate domicile is in Dublin and its principal executive offices are in Basingstoke, England.

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