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European Union Regulators Said to Approve Abbott's St. Jude Acquisition

European Union regulators are expected to approve Abbott Laboratories (ABT) $33 billion acquisition of St. Jude Medical (STJ) , according to a Reuters report.

The commission is due to make a decision by Nov. 23. Neither company could be reached for comment Wednesday morning.

Both saw shares spike about 1.5% Tuesday, with Abbott hitting $39.81 per share and St. Jude reaching $79.75 per share.

Abbott Laboratories agreed to acquire St. Jude Medical Inc. for...