Johnson & Johnson Decides It Needs Devices
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In negotiating to buy Guidant, Johnson & Johnson is looking for an acquisition to increase its presence in the lucrative, fast-growing market for medical devices.
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Johnson &amp; Johnson&#39;s$25.4bn purchase of Guidant, a medical device maker, will give the big US medical group a range of fast-growing products that manage patients&#39; heart rhythms, a move that will shake up the US medical device industry.
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Johnson & Johnson will acquire the cardiac device manufacturer for $25.4 billion. The acquisition is the largest business deal in J&J's 118-year history
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NEW YORK -- Johnson &amp; Johnson, the New Jersey-based drug and health care products company, is reportedly in advanced negotiations to buy Guidant Corp.
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The company is facing challenges as it changes its business from one focused on PDAs to one that specializes in smart phones.
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It has been a long and tortured courtship. For years, health-care giant Johnson &amp; Johnson (JNJ ) has held on-again, off-again acquisition talks with medical-device maker Guidant (GDT ). Now Wall Street sources say the companies are talking again.
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With streamlined multifunction device, tech giant aims to gain ground in business copier market.
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US health titan Johnson and Johnson has reached a deal to acquire US heart device manufacturer Guidant Corporation, in a stock-and-cash deal valued at $23.9 billion, based on $76 a share, the companies said in a statement early this morning.
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Johnson &amp; Johnson has made a deal to buy Guidant Corp. a producer of medical equipment for patients with heart and circulatory illnesses, for $24 billion in stock and cash.
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CHICAGO/PHILADELPHIA  - Health care and consumer  products maker Johnson & Johnson is in negotiations to acquire  medical-device maker Guidant Corp., sources familiar with the  situation said on Tuesday.
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NEW YORK Johnson &amp; Johnson is in advanced negotiations to acquire Guidant, one of the largest US makers of devices to treat heart and circulatory illnesses, according to executives close to the talks.
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Johnson &amp; Johnson (JNJ:NYSE - news - research) said Wednesday night that it would acquire medical equipment maker Guidant (GDT:NYSE - news - research) for $23.9 billion in cash and stock.
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Johnson & Johnson said Thursday that its Cordis unit has resolved its issues with the F.D.A., clearing the way for the introduction of new cardiovascular devices.
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Johnson and Johnson is in negotiations to acquire Guidant, one of the largest American makers of devices to treat heart and circulatory illnesses.
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The company seems to be focused on developing a solution that would enable users to access complete directions and maps using a portable device.
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Drug giant Johnson & Johnson is working on a $24bn purchase of medical device firm Guidant Corp, a key player in the heart technology market.
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Electronics manufacturers are designing products that are smaller and lighter, yet offering more and more gadgets that travelers feel compelled to take with them.