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Boston Scientific acquires C.R. Bard’s electrophysiology business. European Council issues a progress report on device reforms. More news in brief.

Boston Scientific Corp. announced June 28 that it is purchasing CR Bard Inc.’s electrophysiology business for $275 million in cash. The deal is expected to close in the second half of 2013.

The deal a “win-win,” said J.P. Morgan analyst Michael Weinstein. “For Boston, it is further evidence that the company recognizes the competitive disadvantage it faces as a subscale player in...

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