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Check out which companies are making headlines before the bell:

Panera Bread — Caribou Coffee and Peet's Coffee & Tea owner JAB agreed to buy Panera for $7.5 billion, including the assumption of $340 million in debt. The deal is worth $315 per share in cash, about 20 percent higher than Panera's price before reports of the talks became public last week.

Walgreens Boots Alliance — The drugstore chain matched estimates with adjusted quarterly profit of $1.36 per share, but revenue was below forecasts. Walgreens said it was pleased with the quarter amid challenging conditions in some of its markets. The company also authorized a $1 billion share repurchase program.

Acorda Therapeutics — The drugmaker will cut nearly 20 percent of its workforce, in a move expected to save more than $21 million annually. That follows last week's news that it lost various patents for its multiple sclerosis drug Ampyra.

Exxon Mobil — Exxon Mobil said it was in talks to buy the refining and petrochemical assets of Singapore's Jurong...