Analysts say AbbVie needs to boost its offer 10% to bag Shire

|About: AbbVie Inc. (ABBV)|By:, SA News Editor

According to Bloomberg News, the average estimate from five analysts of the price AbbVie (ABBV) needs to offer Shire plc (SHPG) (SHPGF) to get the deal done is ~51 pounds/share (30B pounds). This would be ~10% above its most recent offer of 27.3B pounds.

Panmure Gordon analyst Savvas Heophytou says, "It's all about price. I personally think this deal will get done."