Topics

All Topics

On the Road

Major Medical

Protecting Your Family

In the Workplace

Workplace Injuries

Miscellaneous

Miscellaneous

Johnson & Johnson Going Forward With Purchase of Guidant Corp.

Jamie Sheller

Attorney
(866) 735-1102 Ext 475

Posted by Jamie ShellerNovember 16, 2005 8:25 AM

Tags: Defective Medical Devices

0 Comments

Print Article

Though earlier signs indicated that Johnson & Johnson was no longer interested in purchasing Guidant Corporation, the deal is now going forward. However, the purchase price, at $63.08 a share, is lower than the original agreement for J&J to pay $76 a share for Guidant. The original deal appeared to slow to a halt after J&J issued a statement about Guidant regarding safety concerns and Guidant's recall of several heart devices. On November 7, Guidant attempted to force J&J to honor the earlier terms of the deal. The new deal is expected to close in early 2006.

0 Comments

Have an opinion about this post? Please consider leaving a comment or subscribing to the feed to have future articles delivered to your feed reader.

Comments for this article are closed.

Subscribe to InjuryBoard Philadelphia

Keep up with the latest updates using your favorite RSS reader

Legal Assistance Center

More Info

Sheller, P.C. (866) 735-1102 Ext 475 www.sheller.com

Jamie Sheller
(866) 735-1102 Ext 475 Email Jamie

Personal Injury Lawyers Serving: Statewide Pennsylvania, Philadelphia, Norristown, Cheltenham, Chester, Drexel Hill, Folsom, Havertown, King of Prussia, Levittown, Radnor, Springfield, Swarthmore, West Chester, Willow Grove

1528 Walnut Street3rd Floor, Philadelphia, Pennsylvania 19102 [ Show Map ]

First Name

Last Name

Phone

Zip

Better Business Bureau Accredited Business

Your question will be referred to an attorney near you. If your question is of a legal nature, then by submitting this form you agree you are not forming a formal attorney / client relationship. Read our full privacy policy.

Looking for an InjuryBoard attorney closer to home? Click here.