The Financial Times reported Thursday morning that Abbott Laboratories (ABT) is preparing a $25 billion cash and stock bid to acquire St. Jude Medical Inc. (STJ). Abbott Laboratories later denied the report.
St. Jude Medical gapped open sharply higher Thursday and is now up 2.81 at $72.15 on the highest volume in 4 months. The stock has jumped to a 1-week high.
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