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Thursday, August 21, 2014

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

The following corporate finance-related stories were reported by media: * A handful of private equity firms are vying to purchase American Tire Distributors Holdings Inc in an auction that could fetch more than $3 billion, the Wall Street Journal reported. (on.wsj.com/1p01CCA)* Pfizer Inc isn't giving up on striking an overseas takeover to cut its tax rate and gain a new pipeline of drugs, even as the potential cost of acquiring AstraZeneca Plc rises, Bloomberg reported. (bloom.bg/1of2JOO)

AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN traded higher by 0.68% or $0.48/share to $71.00. In the past year, the shares have traded as low as $48.53 and as high as $82.68. On average, 3073890 shares of AZN exchange hands on a given day and today's volume is recorded at 1696831.

Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE fell by 0.17% or $-0.05/share to $28.89. In the past year, the shares have traded as low as $27.76 and as high as $32.96. On average, 23553200 shares of PFE exchange hands on a given day and today's volume is recorded at 15032899.



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