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After completing a $5 billion buyback program started late 2008, Abbott Labs is ready to buy another $3 billion worth of Abbott Laboratories stock. Abbott Laboratories seems to think its stock is ...
The unions and the Newsom administration agreed to a “personal leave program” — essentially, a furlough that cut workers’ monthly pay by 9.23% and, in exchange, gave them 16 hours of leave.
Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, in the United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products.
The healthcare stock is lagging the market this year.
It was not until January 17 that Boston Scientific produced a new offer of $27.2 billion ($80 per share), with the help of Abbott Laboratories. Abbott agreed to purchase $1.4 billion of Boston Scientific stock and pay $4.1 billion for Guidant's vascular intervention business upon completion of the merger.
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