Daniel Loeb feels the pain of investors anticipating the close of the the AbbVie Inc (NYSE:ABBV) / Shire PLC (ADR) (NASDAQ:SHPG) (LON:SHP) tax inversion merger as he questions a “mysterious” meeting at the Treasury Department. Loeb on the government curbing plans for inversions Arbitrage hedge funds with long exposure in the AbbVie Inc (NYSE:ABBV) / Shire PLC (ADR) (NASDAQ:SHPG) (LON:SHP) merger deal experienced shape pain when AbbVie “walked away from an entirely lawful deal” that Loeb infers was due to good old time arm twisting. Abbvie “opaquely” placed blame for nixing the deal on what Loeb termed “mysterious” meetings with the Treasury Department. Writing to investors…
Loeb Points To "Mysterious" Treasury Meeting For AbbVie Failure
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.