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How did the spin-off of Hospira affect Abbott shareholders?

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How did the spin-off of Hospira affect Abbott shareholders?

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All Abbott shareholders as of the close of business on April 22, 2004 received one Hospira share for every 10 shares of Abbott common stock held. No action was required to receive the Hospira shares, and shareholders were not required to pay anything for the new shares or to surrender any Abbott shares.

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