John Paulson’s Paulson & Co. opened a $750.9 million position in pharmaceutical giant AbbVie Inc. and nearly tripled its shares in Dublin-based Shire in the third quarter, according to a securities filing Friday.
AbbVie’s board recently withdrew its support for the $54 billion takeover bid for Irish pharmaceutical company Shire due to new tax rules in the U.S., leaving the door open for new courses for both companies and billions in fees, including a $1.6 billion breakup free.
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