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Wednesday, September 24, 2014

Takeover Digest - Wall Street Journal - Sept 24, (NYSE: ACT), (NYSE: PFE)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * The Securities and Exchange Commission is investigating whether bond giant Pacific Investment Management Co artificially boosted the returns of Pimco Total Return ETF, according to people familiar with the matter, the latest challenge for the firm run by investor Bill Gross. (on.wsj.com/1xbTjx3)* Pfizer Inc explored a potential tax-lowering takeover of rival Actavis PLC in recent weeks, but talks between the two pharmaceutical companies have ended, according to a person familiar with the matter. (on.wsj.com/ZcBTT4)

Shares of ACT traded higher by 2.22% or $5.23/share to $240.85. In the past year, the shares have traded as low as $136.52 and as high as $248.81. On average, 2372210 shares of ACT exchange hands on a given day and today's volume is recorded at 6208995.

Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE fell by 0.43% or $-0.13/share to $30.05. In the past year, the shares have traded as low as $27.87 and as high as $32.96. On average, 23087900 shares of PFE exchange hands on a given day and today's volume is recorded at 29182584.



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