Chile CFR shares jump over 45 pct following news of Abbott deal

SANTIAGO Fri May 16, 2014 11:18am EDT

SANTIAGO May 16 (Reuters) - Shares in CFR Pharmaceuticals SA jumped over 45 percent in opening trade on Friday following news that Abbott Laboratories would acquire the company in a $2.9 billion deal.

CFR shares had remained closed on the Santiago stock exchange to give the market time to digest the news. (Reporting by Santiago newsroom, Editing by Franklin Paul)

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