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Monday, December 12, 2011

Takeover Digest - Wall Street Journal - Dec 12, (NYSE: ABT), (NASDAQ: NWSA)

The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * European governments and investors await a verdict on last week's summit accord from the one institution they believe can halt the euro zone's debt spiral: the ECB.* The private security contractor long overshadowed by its original name, Blackwater, on Monday will rechristen itself Academi, ditching its former name, XE Services.* Abbott Laboratories is paying $400 million to Reata Pharmaceuticals Inc. for rights to molecules showing early promise treating chronic diseases like rheumatoid arthritis and multiple sclerosis, the companies said Sunday.* The circumstances surrounding the deletion of a missing girl's voice mails in the spring of 2002-a key part of the phone-hacking scandal that has engulfed News Corp this year-are now in question as new evidence emerges in a U.K. police investigation.

Abbott Laboratories is engaged in discovery, development, manufacture, and sale of diversified line of healthcare products. Shares of ABT traded higher by 0.72% or $0.39/share to $54.57. In the past year, the shares have traded as low as $45.07 and as high as $55.61. On average, 8774810 shares of ABT exchange hands on a given day and today's volume is recorded at 4937444.

News Corporation is a diversified global media company. Shares of NWSA traded higher by 2.39% or $0.41/share to $17.56. In the past year, the shares have traded as low as $13.38 and as high as $18.35. On average, 23317100 shares of NWSA exchange hands on a given day and today's volume is recorded at 13918760.



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