BUZZ-Shire: Old Mutual's Buxton buys back in weeks after being a forced seller

** Old Mutual (Other OTC: ODMTY - news) 's Richard Buxton is buying back into Shire weeks after being a forced seller of the stock.

** Manager of the £1.3bn Old Mutual UK Alpha fund sold his holding at £50 per share before Abbvie (Xetra: 4AB.DE - news) announced it was calling off its pursuit of Shire (Xetra: S7E.DE - news) , now buying back in at between £35-£37/shr. Chart: http://link.reuters.com/jyh33w

** "The decision to sell was because after being bought Shire would no longer be listed in the UK, but also if I am honest, because we felt the deal was not certain to complete," he told clients on a call ahead of company's results announcement.

** Top riser on FTSE 100 today, up 3 pct after raising FY guidance

** Shire shares jumped 20 pct on 19 June after Reuters reported it was in discussions with Abbvie.

** Fell 22 pct earlier this month on announcing termination of talks, but still up 45 pct in last year.

** Trend amongst major shareholders since the deal collapsed has also been buying: filings disclosed 20 October showed Blackrock (NYSE: BLK - news) added 0.8 pct to take stake to 7.7 pct, while Fidelity added 1.8 pct, taking stake to 5 pct. (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)