Wednesday, January 02, 2013 3:24:58 PM
Abbott Laboratories (NYSE:ABT) finalizes the separation of its research-based pharmaceuticals division that is now the independent biopharmaceutical firm AbbVie (ABBV), which commences trading independently on the New York Stock Exchange on Wednesday. On November 28th, Abbott’s board of directors declared a special dividend distribution of all outstanding shares of AbbVie common stock. For every share of Abbott common shares held as of close on December 12th, Abbott shareholders received a share of AbbVie common stock on January 1st.
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