Shire plc (SHPG)
In an attempt to bring SHPG‘s board to the negotiating table, AbbVie Inc. (ABBV) on Tuesday raised its offer for SHPG to about $51.5 billion.
After a report indicating that the company is negotiating with AbbVie for a deal to combine the two firms, SHPG confirmed on Friday that it has held a meeting with representatives of AbbVie.
Today before the opening bell, SHPG reported that AbbVie is now offering a cash-stock combination valued at 53.20 British pounds ($91.10) for each share of SHPG, representing a roughly $53.68 billion deal
U.S. drugmaker AbbVie has a July 18 deadline set by U.K. regulations to work out an agreement with SHPG. If no deal is approved by then, AbbVie must walk away for as long as six months.
SHPG enables people with life-altering conditions to lead better lives. SHPG focus on providing treatments in Neuroscience, Rare Diseases, Gastrointestinal, and Internal Medicine and the company is developing treatments for symptomatic conditions treated by specialist physicians in other targeted therapeutic areas, such as Ophthalmology.
More about Shire plc (SHPG) at www.shire.com
Crown Equity Holdings Inc. (CRWE)
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network (CRWE-PR.com), a social networking service which business model is based on selling advertising to businesses targeting both locally and nationally.
The CRWE Network has reached the 861st community website in the U.S., associated with 2432 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, Wellington in Florida, Hattiesburg in Mississippi and 10 provinces in Canada.
The CRWE-PR Finance website ( www.finance.crwe-pr.com ) allows Crown Equity Holdings the instant distribution of information to the entire CRWE Network.
Recently, CRWE has executed a Letter of Intent to acquire American Video Teleconferencing Corp. (AVOT). The proposed acquisition will be a stock transaction in which CRWE will acquire ninety five percent (95%) of American Video Teleconferencing Corp.’s outstanding shares.
Upon the execution of a definitive agreement and subsequent closing of the transaction, it is envisioned that American Video Teleconferencing Corp. will become a subsidiary of CRWE.
CRWE may then merge its subsidiary Roxzu, into American Video Teleconferencing Corp.
Roxzu ( www.roxzu.com ), in development stage, is an on-line e-commerce coupon distribution channel and marketplace for merchants to create brand awareness for their business. Roxzu is focusing first on restaurants and dining but has plans to expand the application to include auto repairs, Realtor, bars, movie theaters, retailers, golf courses, auto dealerships and any other variety of businesses existing within a community.
The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE network.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
Barrick Gold Corporation (ABX)
ABX reported that it has reached an agreement to form a joint venture with Saudi Arabian Mining Company (Ma’aden) to operate the Jabal Sayid copper mine, located 120 kilometers southeast of Medina, Saudi Arabia.
Under the agreement, ABX and Ma’aden will each own 50% of the new joint venture. Ma’aden will acquire its 50% interest in the project for cash consideration of $210 million. The acquisition is expected to be completed in the fourth quarter of 2014 and is subject to customary closing conditions.
According to ABX, once in production, Jabal Sayid will be a high-quality, low-cost underground copper mine capable of generating substantial free cash flow.
Jabal Sayid is expected to commence production in late 2015 and when fully operational is anticipated to produce approximately 100-130 million pounds of copper in concentrate per year during its first full five years of operation. The mine is expected to operate for up to 15 years on the basis of 1.4 billion pounds of copper in proven and probable reserves as at December 31, 2013. Further exploration work will be carried out within the mining license area and the exploration license area surrounding the mine with the aim of extending the mine life.
ABX operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends.
More about Barrick Gold Corporation (ABX) at www.barrick.com
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