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St. Jude Medical Tags Device Tax As Acquisition Opportunity-Maker

The company is maintaining reserves so it can move forward with beneficial acquisition opportunities as they arise, opportunities that St. Jude executives think might become more frequent next year with the 2.3% device tax in place.

St. Jude Medical Inc. says the start of federal collection of the device excise tax in January could create opportunities to buy smaller device firms on the cheap.

The company is maintaining reserves so it can move forward with beneficial acquisition opportunities as they arise, opportunities that might become more frequent next year with the 2.3% device tax...

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