As the offer size for Guidant increases and the relative value of its ICD business increases, we can't ignore the fact that at some point it might make sense for one of the two contenders to take a serious look at St. Jude Medical.
More Quotes from Tao Levy:
We expect the company to put its 14.5 billion of net cash to work in pursuing acquisitions to accelerate growth. That said, we would not be surprised to see the shares trade sideways until a significant acquisition is announced.Tao Levy
It might give hospitals some more power to push back on prices.
Tao Levy
At a time when Boston Scientific management should be devoting 100 percent of its efforts to the Guidant transaction, it now also must address the warning letter.
Tao Levy
We are somewhat surprised to see Guidant's board support Johnson Johnson's offer. Recall that this is the same company that thought Guidant was only worth 63 a few weeks ago. Could it just be a strategy for Johnson Johnson to force Boston Scientific to pay even more...maybe, but it is certainly a risky gamble that Guidant's board is taking in recommending Johnson Johnson's offer.
Tao Levy
There is increasing chatter that when the in-patient payment system comes out in a couple of weeks, that it will be more controversial than we've seen in prior years.
Tao Levy
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