|[July 18, 2014]
SHIRE SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Buyout of Shire by AbbVie May be Unfair to Shareholders
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Shire plc ("Shire") (NasdaqGS: SHPG) concerning the buyout
by AbbVie. Under the terms of the merger, which is valued at
approximately $54.7 billion, Shire shareholders will receive a
combination of cash and stock valued at about 53.19 pounds, which
equates to $91.07 USD, for each share owned. This consideration is well
below the 52-week high of $257.95 USD and at least oneanalyst's
estimated value of $280.00 USD.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The investigation centers on whether Shire's Board of Directors is
acting in the shareholders' best interests, whether the board is
properly negotiating a higher share price for the shareholders, and
whether the board has employed an adequate process to review and act on
the proposed transaction. Notably, at least one analyst with Yahoo!
Finance believes the true inherent value of Shire could be as high as
$280 USD per share.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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