Guidant accepts J&J's buyout offer; Boston Scientific ups bid

01/14/2006 | Sun (Baltimore), The · Wall Street Journal, The

Guidant Corp. on Friday announced it will accept a $24.2 billion takeover bid from Johnson & Johnson, rejecting a bid of nearly $25 billion by Boston Scientific Corp. J&J's offer already has cleared antitrust review, which could speed the buyout. Boston Scientific today announced it has raised its bid to more than $27 billion.

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Sun (Baltimore), The · Wall Street Journal, The

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