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Morning Briefing: 10 Things You Should Know

8. -- Activist investor William Ackman is set to announce Wednesday his firm's largest-ever investment, The Wall Street Journal reported.

Ackman's firm, Pershing Square Capital Management, is investing more than $2 billion in a U.S.-based industrial company, people familiar with the matter told the newspaper. The identity of the company remained unclear Tuesday.

The investment will represent nearly 10% of the company, which has a market capitalization of more than $20 billion, the people told the Journal.

9. -- Accenture (ACN), the consulting company, is in talks to acquire smaller rival Booz & Co., people familiar with the matter told the Journal.

Booz employs about 3,000 people and had revenue of about $1.4 billion in 2012.

10. -- Facebook (FB - Get Report) shares rose 6.2% on Tuesday to close at $37.61, within pennies of its initial public offering price of $38 price in May 2012.

The stock of the social networking giant rose as high as $37.96 in trading Tuesday afternoon.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:
Copyright 2013 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.
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