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Friday, July 18, 2014

Drugmakers announce tax-cutting merger - Jul. 18, 2014

Chicago-based AbbVie announced an agreement on a $54.7 billion merger with Britain's Shire designed to slash AbbVie's tax bill by moving its legal home out of the United States.

AbbVie (ABBV) will cut its effective tax rate to about 13% by 2016 from 26%.


Drugmakers announce tax-cutting merger - Jul. 18, 2014

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