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Tuesday, July 15, 2014

Takeover Digest - Wall Street Journal - July 15, (NYSE: ABBV), (NYSE: C)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * U.S. drugmaker AbbVie Inc is close to clinching a deal to purchase Dublin-based Shire Plc for more than �31 billion ($53 billion), in what would be one of the largest so-called inversion deals through which U.S. companies are seeking a lower corporate tax burden. (on.wsj.com/1zDiEQ2)* On Monday, the Citigroup Inc agreed to pay $7 billion, including a $4 billion civil penalty to the Justice Department, $500 million to the Federal Deposit Insurance Corp and several states, and $2.5 billion earmarked for "consumer relief," to settle the U.S. government's allegations it knowingly sold shoddy mortgages ahead of the financial crisis. (on.wsj.com/1sWCQb3)

AbbVie Inc. (AbbVie) is a research-based pharmaceuticals company. Shares of ABBV fell by 0.2% or $-0.11/share to $54.85. In the past year, the shares have traded as low as $42.25 and as high as $58.27. On average, 6212280 shares of ABBV exchange hands on a given day and today's volume is recorded at 30823346.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C traded higher by 3.02% or $1.42/share to $48.42. In the past year, the shares have traded as low as $45.18 and as high as $55.28. On average, 16790600 shares of C exchange hands on a given day and today's volume is recorded at 36157808.



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