Heart devices market battle is revving up

Article Abstract:

The Intermedics pacemaker division of Swiss-based Sulzer Medica Ltd. will be acquired by Guidant Corp. in a deal that has been valued between $775 million and $850 million. Industry analysts have said that the deal will solidify Guidant's number two position in the $4 billion cardiac-rhythm devices market. Guidant, which is based in Indianapolis, In., plans to take advantage of Intermedics 200-person US sales force and 200-person overseas sales force in an increasingly competitive market for cardiac-rhythm devices.

Comment:

Will acquire Intermedics pacemaker division of Swiss-based Sulzer Medica Ltd. in a deal valued between $775 mil and $850 mil

Asset sales & divestitures, Electromedical and Electrotherapeutic Apparatus Manufacturing, Licensing/Sales Agreements, Medical Monitoring & Diagnostic Eqp, Pacemakers, Diagnostic equipment (Medical), Patient monitoring equipment, Guidant Corp., Intermedics Inc.

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Another drug industry megamerger goes bust: clash of cultures kills Monsanto, AHP marriage

Article Abstract:

The planned $35.08 billion merger of Monsanto Co. with American Home Products Corp. collapsed under the stress of attempting to blend two essentially different corporate cultures and chief executives. The two companies announced that they had canceled the agreement to merge by mutual consent. Both companies' shares fell with the announcement. Company executives could not agree about which employees would be laid off.

Comment:

Planned $35.08 billion merger of Monsanto Co. with American Home Products Corp. collapsed

Company Planning/Goals, Chemicals & Allied Products, Chemical Manufacturing, Chemicals, Monsanto Co., Wyeth

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