The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * AT&T Inc is close to sealing a takeover of DirecTV that could value the satellite-television provider at about $50 billion. The two sides are discussing a deal that would involve a mix of cash and AT&T stock. An agreement could be reached in two weeks if not sooner, people familiar with the matter said. (r.reuters.com/dyg39v)* Pfizer Inc laid out a case for its proposed $106 billion takeover of AstraZeneca PLC in documents sent on Monday to two U.K. parliamentary committees. For the first time, Pfizer said that its five-year commitments to the U.K. - made 10 days ago as part of an unsolicited takeover bid of $84.26 a share - were legally binding. AstraZeneca rejected the offer, saying the proposal substantially undervalued the company. (r.reuters.com/hyg39v)
AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN traded higher by 0.82% or $0.63/share to $77.87. In the past year, the shares have traded as low as $46.87 and as high as $82.68. On average, 3986580 shares of AZN exchange hands on a given day and today's volume is recorded at 2918799.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE traded higher by 0.34% or $0.1/share to $29.13. In the past year, the shares have traded as low as $27.12 and as high as $32.96. On average, 30168800 shares of PFE exchange hands on a given day and today's volume is recorded at 21658092.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.36% or $0.13/share to $36.57. In the past year, the shares have traded as low as $31.74 and as high as $37.83. On average, 28909400 shares of T exchange hands on a given day and today's volume is recorded at 23990994.
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