TITLE

Johnson & Johnson: Guidant acquisition falls apart

PUB. DATE
December 2005
SOURCE
PharmaWatch: Monthly Review;Dec2005, Vol. 4 Issue 12, p15
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
The article reports that Johnson & Johnson's proposed $25.4 billion acquisition of Guidant Corp. is in danger, with Guidant hit by a number of product recalls and even regulatory investigations. While the acquisition could still provide Johnson & Johnson with a stronger position in the lucrative medical device market, it seems the company is not willing to overpay for the asset. Johnson & Johnson's acquisition of Guidant was called into question following a series of problems for Guidant, which included the recall of thousands of medical devices and regulatory investigations.
ACCESSION #
19317505

 

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