The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Allergan Inc is near a deal to sell itself to Actavis Plc for more than $62.5 billion, people briefed on the matter said on Sunday, potentially ending one of the most bitter merger battles in recent memory. (nyti.ms/1xNqRk9)* With a goal of fiber-optic lines reaching to every school and a Wi-Fi connection in every classroom, Tom Wheeler, chairman of the Federal Communications Commission, is expected on Monday to propose a 62 percent increase in the amount of money the agency spends annually to wire schools and libraries with high-speed Internet connections. (nyti.ms/1vkhRDv)
Shares of ACT traded higher by 0.89% or $2.14/share to $243.77. In the past year, the shares have traded as low as $156.40 and as high as $254.41. On average, 2179940 shares of ACT exchange hands on a given day and today's volume is recorded at 1836539.
Allergan, Inc. is a multi-specialty health care Company focused on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products. Shares of AGN traded higher by 1.24% or $2.44/share to $198.65. In the past year, the shares have traded as low as $94.98 and as high as $200.99. On average, 2296180 shares of AGN exchange hands on a given day and today's volume is recorded at 1430786.
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