Shire (SHPG) Uncertainty Times on AbbVie's (ABBV) Doubts |
Posted: October 15, 2014 |
Crown Equity Holdings Inc. (CRWE) CRWE is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of website communities, which business model is based on selling advertising to businesses targeting both locally and nationally CRWE has included the City of Kingston, NY ( www.kingston.ny.crwe-pr.com ) to the CRWE Network. The City of Kingston, NY provides comprehensive service to businesses looking to expand or relocate. It features rich history and architecture, and a thriving arts community. With an estimated population in 2013 (U.S. Census Bureau) of approximately 23,731, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally The CRWE Network has reached the 1400th community website in the U.S., associated with 3282 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, New York State, Wellington in Florida, Hattiesburg in Mississippi and 10 provinces in Canada. CRWE and PolarWeb Media, LLC reported a Joint Venture agreement to engage in increasing web traffic to selected websites. CRWE will receive 50% of the revenues generated by PolarWeb Media through the use of the CRWE Network, with PolarWeb Media having the remaining 50%. PolarWeb Media, LLC will focus on driving traffic and generating ad revenues. Online video is gaining strength as a source for content marketing. Strategic plans are being developed for CRWE’s division CRWE Tube ( www.crwetube.com ) to improve the potential future growth for the company. Furhermore, CRWE has issued a letter to its shareholders. You can find the Company’s operational update at http://crwepressrelease.com/2014/10/crown-equity-holdings-inc-issues-letter-to-shareholders/ or click on the picture below: CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet. More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com **
On July, AbbVie Inc. (ABBV) reported that it had agreed to buy Shire plc (SHPG) for about 32 billion pounds ($54.8 billion). Lowering its tax rate appeared to be the primary reason that ABBV entered into a transaction with SHPG. After the closing bell on Tuesday, the Board of Directors of ABBV said that it has intention to reconsider the recommendation made on July 18, 2014 that ABBV stockholders adopt the merger agreement needed to complete the proposed combination of ABBV and SHPG. ABBV's Board will consider, among other things, the impact of the U.S. Department of Treasury's proposed unilateral changes to the tax regulations announced on September 22, 2014, including the impact to the fundamental financial benefits of the transaction. At this time, ABBV's Board of Directors has not withdrawn or modified its recommendation to ABBV stockholders. In the other side, SHPG's Board believes that ABBV should proceed with the recommended offer on the agreed terms in accordance with the Cooperation Agreement. SHPG's Board notes that, in the event that the ABBV's Board adversely changes its recommendation and ABBV stockholder approval is not obtained (or another triggering event occurs), a break fee of approximately $1.635 billion would be payable by ABBV to SHPG. SHPG, a biopharmaceutical company, together with its subsidiaries, researches, develops, licenses, manufactures, markets, distributes, and sells pharmaceutical products More about Shire plc (SHPG) at www.shire.com. ABBV is a global, research-based biopharmaceutical company formed in 2013 following separation from Abbott. More about AbbVie Inc. (ABBV) at www.abbvie.com ** Disclaimer: The assembled information disseminated by CRWE-PR Finance is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Crown Equity Holdings Inc. (CRWE) will receive 50% of the revenues generated by PolarWeb Media through the use of CRWE’s sites, with PolarWeb Media having the remaining 50%. Entire Disclaimer at www.finance.crwe-pr.com/disclaimer
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