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Monday, July 14, 2014

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

The following corporate finance-related stories were reported by media: * Swiss chocolate maker Chocoladefabriken Lindt & Spruengli is in advanced discussions to acquire family-owned U.S. candy business Russell Stover, according to a source familiar with the matter.* Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie Inc that would value the company at about 31 billion pounds ($53 billion), according to people familiar with the matter.

AbbVie Inc. (AbbVie) is a research-based pharmaceuticals company. Shares of ABBV fell by 0.74% or $-0.41/share to $54.96. In the past year, the shares have traded as low as $42.25 and as high as $58.27. On average, 5832730 shares of ABBV exchange hands on a given day and today's volume is recorded at 13593033.