Boston Sci, J&J Bury The Hatchet In Guidant Acquisition Dispute

Boston Scientific will pay Johnson & Johnson $600 million to settle allegations that cardiovascular device firm Guidant breached a merger agreement with J&J in 2006, a far cry from the $7 billion sought by J&J

The dispute between Boston Scientific Corp. and Johnson & Johnson that started with an intense bidding war in late 2005 has now finally been settled.

Boston Scientific said Feb. 17 that it will pay J&J $600 million to settle allegations that cardiovascular device firm Guidant Corp. breached a merger agreement [See Deal]...

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