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Friday, March 1, 2013

Takeover Digest - Wall Street Journal - March 1, (NYSE: GS)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * The $85 billion in so-called sequester cuts take effect Friday if, as expected, U.S. President Obama and congressional leaders find no way to avoid them.* Libya's sovereign-wealth fund said it is cooperating with the U.S. Securities and Exchange Commission in the ongoing investigation into Goldman Sachs Group Inc over the securities firm's dealings with the fund when Col. Muammar Gaddafi was in power.

The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 1.25% or $-1.89/share to $149.76. In the past year, the shares have traded as low as $90.43 and as high as $159.00. On average, 4529570 shares of GS exchange hands on a given day and today's volume is recorded at 4957378.