AbbVie Scraps $55B Shire Inversion After Treasury Crackdown

By Karlee Weinmann · October 16, 2014, 8:11 AM EDT

U.S. drugmaker AbbVie Inc. pulled the plug Thursday on its record-setting $55 billion plans to merge with British rival Shire PLC in a controversial inversion deal, a stunning reversal it blamed...

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