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Wednesday, August 6, 2014

Takeover Digest - Wall Street Journal - Aug 6, (NYSE: TMUS), (NYSE: TWX)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * 21st Century Fox has withdrawn its proposal to acquire Time Warner, saying the owner of HBO has "refused to engage with us." (on.wsj.com/1v8re9L)* Sprint Corp decided to end its pursuit of T-Mobile US Inc in the face of stiff opposition from regulators and to replace Chief Executive Dan Hesse. (on.wsj.com/1nqMxti)

Shares of TMUS traded higher by 0.65% or $0.22/share to $33.91. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4162600 shares of TMUS exchange hands on a given day and today's volume is recorded at 8980155.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.4% or $-0.34/share to $85.19. In the past year, the shares have traded as low as $57.59 and as high as $88.13. On average, 7498080 shares of TWX exchange hands on a given day and today's volume is recorded at 12086744.



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