SPOTLIGHT: J&J may drop Guidant deal
Johnson & Johnson is threatening to drop out of its $25.4 billion deal with Guidant. The deal, formally approved yesterday by the FTC, was initially hailed as a windfall for Guidant stockholders and a sound acquisition for J&J. However, J&J is now reconsidering the move since Guidant as issued recalls or warnings for almost 300,000 of its defibrillators and pacemakers and is facing numerous lawsuits as a result. Article


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