Abbott (ABT) on Watch as St. Jude (STJ) Rebukes Allegations from Short Seller

August 26, 2016 3:45 PM EDT

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Abbott (NYSE: ABT) shares are ticking slightly higher late Friday as St. Jude Medical (NYSE: STJ) said it refutes claims made by short-seller Muddy Waters. The stock is up modestly.

Abbott and St. Jude entered at $31 billion merger agreement earlier this year.

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