Advertisement
U.S. markets close in 1 hour 49 minutes
  • S&P 500

    5,254.82
    +6.33 (+0.12%)
     
  • Dow 30

    39,804.24
    +44.16 (+0.11%)
     
  • Nasdaq

    16,383.99
    -15.53 (-0.09%)
     
  • Russell 2000

    2,124.37
    +10.02 (+0.47%)
     
  • Crude Oil

    83.02
    +1.67 (+2.05%)
     
  • Gold

    2,242.60
    +29.90 (+1.35%)
     
  • Silver

    24.99
    +0.24 (+0.96%)
     
  • EUR/USD

    1.0799
    -0.0030 (-0.28%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2624
    -0.0014 (-0.11%)
     
  • USD/JPY

    151.4060
    +0.1600 (+0.11%)
     
  • Bitcoin USD

    70,941.45
    +2,313.93 (+3.37%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Shire gets $248 mln tax refund from Canada, more to come

LONDON, June 30 (Reuters) - Shire, which is being pursued by U.S. drugmaker AbbVie in a $46 billion takeover attempt, said on Monday it had received a $248 million cash refund from the Canadian revenue authorities.

Shire expects a further $162 million in late 2014.

As a result, the group has recorded a net credit to income taxes amounting to $216 million, which will be excluded from non GAAP income and will not impact Shire's core effective tax rate in 2014. The money will be used to repay debt.

(Reporting by Ben Hirschler; editing by James Davey)

Advertisement