Shire says a $54 billion proposal from U.S. AbbVie is potentially acceptable. Breakingviews says the 50% premium reflects the value of tax synergies and recommendations needed to achieve them.
It's sad isn't -- at an all time high today here to discuss me and knack for breaking skis. Tied closely to reckon and -- that means that he one billion pound -- event from -- Now this is a fifth bid from a US them. This test. Well we think it's. Videos study like there have -- -- to a couple of things that meets the source two divisions on the part about -- Adams of course. But he too happy chef once -- react respond to offers insurance and -- Fisher Price has been quite volatile recently. But nonetheless it it looks like a reasonable -- at a reasonable price fifty cent premium. I think in that sense -- relations -- of the value of these text version deals didn't give up between -- and obvious quite limited. And see the value of getting the board on signs in this kind of taken there was that some speculation why do you like to pretend that it was willing to give hostile as a way of keeping up pressure on the boards. -- we probably would never find out if that was more than a bluff that. Doing hostile deals with farmers intrinsically difficult because of their complexity of the assets during that in these tax investment deals -- to understand exactly -- Company's corporate -- works. Is even harder so that's decent premium -- that the socialist was meant to confess to some premium for its sort of recommendation -- it's it's near recommendation. Have also been -- a -- on how much of a risk as they and that the full story. It looks like you've I mean it looks like it -- it -- there are still risks we sent contingent needs to happen and Tom these are crisis still. -- -- -- -- -- -- -- -- -- -- -- -- -- It will probably get get ahead amid the one thing which we haven't seen so far -- counterfeits now that the assumption going into this -- -- with -- -- -- -- -- this article assets and they would become experts that policies that. It's but that's that may be an extra twist and see if we see people mountain emerging now that there's number on the table that would give up a potential -- the chance to see whether it works for them across. -- another stop us needing today's bank has spears -- -- and it's -- again out of going 40% the last five days. The bank says I -- losses will not put the bank at risk right should the market beneath mountains. Well I think it just it highlights the information vacuum that you have had a -- try to reassure the market last Friday by saying you know that it's been an explosion was. X I'm Batman but it's -- operation is about to put at risk. Daschle restructuring of the -- percent -- it will be extremely complicated and so lots. What -- it's very hard to come with the actual losses will be defined the bank's exposure to -- who seems to cool. And as of last week was growing more and that's what the week. -- say until that took taxis has -- what exactly. I mean is likely -- -- would be at risk in the -- operations before he went full colors and operations but there's every child is -- is very like -- at least another rights issue. A remarkable uncertainty in the BS was at the UST restructuring. -- -- the situation anger and so I think when its policy and if you look at ways trading -- ratings have been extraordinary it's -- to -- to its book value. And that -- on it the level of uncertainty -- -- and it may turn out to be the most fantastic buying opportunity and as loves -- money which has been contained. He gets in the loss the last few days. But of amendments. It's very hard to make cool given instant. Thank you thank you very -- an iMac have from breaking v.s will of course get numbers from BS later this month I'm nineteen -- Thinks is what is.