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Tuesday, January 7, 2014

Market Chatter- Corporate finance press digest, (NYSE: FRX)

The following corporate finance-related stories were reported by media: * Forest Laboratories Inc is nearing an agreement to acquire specialty pharmaceutical company Aptalis Holdings Inc from private equity firm TPG Capital LP for about $3 billion, a person familiar with the matter said on Tuesday.* Goldman Sachs and private equity firm KKR have placed a 10.8 percent stake in German forklift maker Kion Group AG for a price of 29.50 euros per share, a source familiar with the transaction said on Tuesday.

Forest Laboratories, Inc. (Forest) develops, manufactures and sells branded forms of ethical drug products, which requires a physician's prescription. Shares of FRX traded higher by 0.5% or $0.29/share to $58.76. In the past year, the shares have traded as low as $35.22 and as high as $60.29. On average, 1847090 shares of FRX exchange hands on a given day and today's volume is recorded at 2715208.