Device Drama Not Over Yet
Andrew says that St. Jude is also well-positioned in the market for neurological devices, especially with its
Another way St. Jude could factor into the equation would be as a possible acquirer of assets a combined Guidant-Boston Scientific might have to shed in order to gain antitrust clearance from regulators -- although Medtronic and Abbott Labs (ABT) could be takers, as well.
For now, Boston says its proposal for Guidant is better than J&J's and contends its offer could be closed quickly. Brozak isn't as optimistic, saying Guidant would need weeks if not months to complete its due diligence, meaning the process wouldn't be finished by the end of the year.
And at least one analyst isn't going to be entirely surprised if J&J declines to hit back at Boston Scientific."Given all the trials and tribulations, we doubt JNJ will attempt to make a counter offer -- but as investors have learned over the past few years
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