J&amp;J acquiring device maker
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Johnson &amp; Johnson, the pharmaceutical and health care giant, has announced an agreement to buy Guidant, one of the largest US makers of devices to treat heart and circulatory illnesses, for $25.4 billion.
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(InfoWorld) - JDS Uniphase (JDSU) is buying optical transceiver maker PicolightÂ  to serve the growing market for high-speed data connections in data centers, enterprises, and metropolitan-area networks. The optical networking vendor said Tuesday it agreed to buy Picolight for $115 million in stock and an additional cash sum of up to $10 million if certain revenue targets are met this calendar year. The deal is expected to close in JDSU's fiscal fourth quarter ending June 30. Enterprises are stepping up data center and backbone networks from Gigabit Ethernet to 10-Gigabit Ethernet while service providers lay out high-speed fiber networks around cities. Increasing bandwidth demand, powered in part by video and other multimedia applications, is driving growth in network infrastructure following the telecommunications crash early in this decade that slammed the stocks of JDSU and other vendors. Picolight, in Louisville, Colorado, designs and makes transceivers for Fibre Channel, Gigabit Ethernet, 10-Gigabit Ethernet and parallel optics with speeds as high as 40Gbps.Â It has been a pioneer in a technology called VCSEL (vertical cavity surface-emitting laser) used for optical links with low power consumption and heat generation, according to the companies. JDSU sells components and equipment for a variety of networks, including enterprise, cable, and telecommunications. The buyout will give Picolight global reach and also help JDSU build toward 100Gbps products in the future, the companies said.
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Meggitt, a British engineering and manufacturing company, agreed to buy K&F Industries Holdings of White Plains, N.Y., for $1.1 billion. Meggitt, which specializes in aerospace, military and electronics products, will pay $27 a share of K&F, or 10 percent above the stockâs closing price on Monday. K&F makes aircraft wheels, brake systems and other parts.
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Company to offer 3 devices with Bluetooth and GPS capabilities.
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ReAble Therapeutics, the orthopedic-device maker controlled by the private equity company Blackstone Group, agreed to purchase DJO for $1.6 billion.
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Johnson &amp; Johnson has agreed to buy Guidant Corp. for $25.4 billion in cash and stock, the companies said on Wednesday, giving the healthcare products maker a foothold
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INDIANAPOLIS -- Johnson &amp; Johnson has sealed a deal to buy medical device maker Guidant for $25.4 billion. Under the terms of the agreement, each Guidant share will be exchanged for $30.40 in cash and $45.60 in Johnson &amp; Johnson stock.
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Shares of medical device maker Guidant  Corp.GDT.N jumped on Tuesday after a report saying the  company was in advanced talks to be acquired by health products  maker Johnson & Johnson JNJ.N for more than $24 billion.
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Johnson & Johnson, the health care conglomerate, continued its acquisition talks with Guidant, one of the nation's largest makers of devices to treat heart and circulatory illnesses.
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NEW YORK - In its biggest purchase ever, Johnson &amp; Johnson is dropping $24.5 billion to get into the fast-growing market for implantible devices that automatically restart stopped hearts.
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Smiths Group announced the acquisition of Medex, a privately held maker of medical devices. The cost of the deal was reported to be $925 million.
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Johnson & Johnson, the pharmaceutical and health care giant, is near a deal to buy Guidant, one of the nation's largest makers of devices to treat heart and circulatory illnesses.
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Johnson &amp; Johnson agreed to acquire Guidant Corp. for $25.4 billion, adding electrical devices for treating heart disease to a lineup of thousands of health products including Band-Aids and cardiac stents.
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Japanese electronics maker Kenwood Corp.  and asset manager Sparx Group  will buy a combined stake of about 30 percent in JVC  in a $291 million deal aimed at getting the loss-making JVC off Matsushita Electric Industrial's  consolidated accounts.
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Johnson & Johnson JNJ.N has sued   Boston Scientific BSX.N and Abbott Laboratories Inc. ABT.N,   seeking at least $5.5 billion in damages related to J&J's   failed bid to acquire medical device maker Guidant Corp.
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Company will make components as well as devices in 2005.
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HONG KONG (Dow Jones)--Micromotor maker Johnson Electric Holdings Ltd. (0179.HK) said it has bought a 51% stake in Israeli high precision piezo ceramic motors maker Nanomotion Ltd.