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Hospira to join AdvaMed

This article was originally published in The Gray Sheet

Executive Summary

Abbott hospital products spin-off will become a member of the medical technology trade association upon assuming independence May 3. Abbott shareholders will receive one Hospira share for every 10 Abbott shares, according to a 1Form 10 filing with the Securities & Exchange Commission. Hospira, which recorded pro forma 2003 sales of $2.6 bil. with net income of $260 mil., will trade on the New York Stock Exchange under the symbol "HSP" (2"The Gray Sheet" Aug. 25, 2003, p. 3)...
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