Form 8-K AbbVie Inc. For: Jun 01

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Go back to Form 8-K AbbVie Inc. For: Jun 01

AbbVie (ABBV) Enters $3.8B Accelerated Stock Buyback Agreement

June 2, 2016 9:26 AM EDT

AbbVie (NYSE: ABBV) disclosed the following on Thursday:

tem 8.01. Other Events

On June 1, 2016, AbbVie Inc. (AbbVie) entered into an accelerated share repurchase agreement (the agreement) with JPMorganChase (JPMorgan) to repurchase $3.8 billion (the prepayment amount) of AbbVies common stock. JPMorgan is expected to make an initial delivery of approximately 54.4 million shares of... More