The following corporate finance-related stories were reported by media on Wednesday: * Thermo Fisher Scientific Inc is emerging as the lead contender in an auction for Life Technologies Corp , a genetic testing maker with a market value of more than $11 billion, three people familiar with the matter said this week.* At least three of the world's top drugmakers, Pfizer Inc , Novartis AG and Abbott Laboratories, are bidding for Brazil's Ache Laboratorios Farmaceuticos in an auction that may value the group at more than $5 billion, people familiar with the matter said.
Abbott Laboratories (Abbott), is engaged in the discovery, development, manufacture, and sale of a portfolio of science-based health care products. Shares of ABT traded higher by 2.29% or $0.81/share to $36.12. In the past year, the shares have traded as low as $28.26 and as high as $36.15. On average, 11133900 shares of ABT exchange hands on a given day and today's volume is recorded at 10958462.
Life Technologies Corporation (Life Technologies) is a global life sciences company. Shares of LIFE traded higher by 1.83% or $1.18/share to $65.75. In the past year, the shares have traded as low as $39.73 and as high as $66.36. On average, 2033540 shares of LIFE exchange hands on a given day and today's volume is recorded at 2311267.
Novartis AG provides healthcare solutions. The Company is a multinational group of companies specializing in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. Shares of NVS traded higher by 0.37% or $0.26/share to $71.32. In the past year, the shares have traded as low as $51.20 and as high as $71.75. On average, 1676830 shares of NVS exchange hands on a given day and today's volume is recorded at 2078814.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE traded higher by 1.35% or $0.39/share to $29.23. In the past year, the shares have traded as low as $21.40 and as high as $29.32. On average, 31662700 shares of PFE exchange hands on a given day and today's volume is recorded at 24425176.
Thermo Fisher Scientific Inc. (Thermo Fisher) is engaged in serving science. Shares of TMO traded higher by 4.01% or $3.03/share to $78.56. In the past year, the shares have traded as low as $48.14 and as high as $78.65. On average, 1986300 shares of TMO exchange hands on a given day and today's volume is recorded at 5014019.
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