Anonymous
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Anonymous
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That is a no-brainer. Of course Shire reps will be given a golden holding pattern. The bought company usually negotiates a fixed protection period for their employees. This is almost always the case. The buyer must par down first as they are the suitor and must make concessions. That is exactly what happened with Solvay, Koss and other companies bought by other pharma in the past.
There will be a lot of consolidation, but Shire folks are probably protected for at least 1 or more years. The rest of us are sitting in the chair waiting for the switch to be pulled upon approval.
When you hear salary protection only and Abbvie severance the acquiring company employees should feel a little better about things. The retention bonuses and billion dollar break-up fee tells me one company decided to give up the fixed protection for other things.